Stifel Nicolaus Cuts Cactus (NYSE:WHD) Price Target to $57.00

Cactus (NYSE:WHD - Get Free Report) had its price target reduced by equities researchers at Stifel Nicolaus from $61.00 to $57.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 43.29% from the stock's current price.

Separately, Barclays dropped their price target on shares of 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 assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cactus presently has a consensus rating of "Hold" and a consensus price target of $53.00.

Cactus Trading Up 4.8 %

Shares of NYSE WHD opened at $39.78 on Friday. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The stock's 50 day simple moving average is $43.13 and its 200 day simple moving average is $55.45. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus has a 12-month low of $33.80 and a 12-month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts expect that Cactus will post 3.08 EPS for the current year.

Hedge Funds Weigh In On Cactus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Emerald Advisers LLC boosted its position in shares of Cactus by 20.6% during the 4th quarter. Emerald Advisers LLC now owns 307,315 shares of the company's stock valued at $17,935,000 after purchasing an additional 52,552 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Cactus by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock worth $20,853,000 after acquiring an additional 15,035 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cactus by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company's stock worth $40,939,000 after acquiring an additional 13,669 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cactus during the fourth quarter worth $16,377,000. Finally, Axiom Investors LLC DE lifted its holdings in shares of Cactus by 26.0% during the fourth quarter. Axiom Investors LLC DE now owns 149,317 shares of the company's stock valued at $8,714,000 after purchasing an additional 30,851 shares during the last quarter. 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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