Barclays Lowers Cactus (NYSE:WHD) Price Target to $53.00

Cactus (NYSE:WHD - Get Free Report) had its price objective cut by Barclays from $54.00 to $53.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 16.60% from the stock's current price.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Stifel Nicolaus cut their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.33.

Cactus Stock Performance

Shares of Cactus stock opened at $45.45 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 16.18 and a beta of 1.49. The stock's 50-day moving average is $41.67 and its 200-day moving average is $50.51. Cactus has a one year low of $33.80 and a one year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 18.99% and a net margin of 16.78%. The business had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same quarter last year, the firm earned $0.75 EPS. Cactus's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cactus

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its position in Cactus by 0.7% during the first quarter. Rhumbline Advisers now owns 195,038 shares of the company's stock worth $8,939,000 after buying an additional 1,270 shares during the last quarter. Strs Ohio acquired a new position in shares of Cactus during the 1st quarter worth approximately $5,215,000. Intech Investment Management LLC raised its stake in Cactus by 40.5% in the 1st quarter. Intech Investment Management LLC now owns 36,205 shares of the company's stock valued at $1,659,000 after acquiring an additional 10,444 shares during the period. Jane Street Group LLC lifted its holdings in Cactus by 482.7% during the 1st quarter. Jane Street Group LLC now owns 238,879 shares of the company's stock valued at $10,948,000 after purchasing an additional 197,887 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cactus by 26.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company's stock worth $10,400,000 after purchasing an additional 46,835 shares during the period. 85.11% of the stock is owned by 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.

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