Cactus (NYSE:WHD) Given New $61.00 Price Target at Stifel Nicolaus

Cactus (NYSE:WHD) had its price objective lowered by research analysts at Stifel Nicolaus from $64.00 to $61.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 66.05% from the stock’s previous close.

Separately, Barclays reduced their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cactus currently has a consensus rating of “Hold” and an average price target of $53.80.

Cactus Stock Performance

WHD traded down $0.36 on Tuesday, reaching $36.74. 370,683 shares of the stock were exchanged, compared to its average volume of 760,217. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company’s 50-day moving average price is $48.81 and its 200 day moving average price is $57.58. The firm has a market capitalization of $2.92 billion, a PE ratio of 12.96, a PEG ratio of 5.13 and a beta of 1.74. Cactus has a fifty-two week low of $33.80 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. As a group, sell-side analysts forecast that Cactus will post 3.08 EPS for the current fiscal year.

Institutional Trading of Cactus

A number of hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its position in shares of Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after acquiring an additional 169 shares during the period. State of Tennessee Department of Treasury increased its stake in shares of Cactus by 0.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock valued at $2,091,000 after purchasing an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Cactus by 1.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock worth $606,000 after purchasing an additional 180 shares during the period. New York State Teachers Retirement System boosted its position in Cactus by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after purchasing an additional 200 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after purchasing an additional 221 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

About Cactus

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.