Stifel Nicolaus Has Lowered Expectations for Cactus (NYSE:WHD) Stock Price

Cactus (NYSE:WHD - Get Free Report) had its price target reduced by investment analysts at Stifel Nicolaus from $64.00 to $61.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 61.68% from the stock's current price.

Separately, Barclays cut their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Cactus has an average rating of "Hold" and an average target price of $53.80.

Cactus Stock Up 4.2 %

Shares of Cactus stock traded up $1.54 during midday trading on Tuesday, hitting $37.73. The company's stock had a trading volume of 1,175,338 shares, compared to its average volume of 776,171. The stock has a 50-day simple moving average of $46.97 and a 200-day simple moving average of $56.95. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus has a 1-year low of $33.80 and a 1-year high of $70.01. The firm has a market capitalization of $3.00 billion, a P/E ratio of 13.38, a PEG ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. As a group, sell-side analysts expect that Cactus will post 3.08 earnings per share for the current year.

Institutional Trading of Cactus

Several institutional investors and hedge funds have recently made changes to their positions in the company. Illinois Municipal Retirement Fund lifted its holdings in Cactus by 0.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after purchasing an additional 169 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in Cactus by 0.5% during 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 buying an additional 177 shares during the period. O Shaughnessy Asset Management LLC grew 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 acquiring an additional 180 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after acquiring an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Cactus by 7.0% during the 4th 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 last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Company Profile

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.