Cactus (NYSE:WHD) Downgraded by ValuEngine to “Sell”

Cactus (NYSE:WHD) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Several other research analysts also recently commented on WHD. Morgan Stanley decreased their target price on shares of Cactus from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Zacks Investment Research raised shares of Cactus from a “strong sell” rating to a “hold” rating in a research note on Sunday, November 3rd. Citigroup decreased their target price on shares of Cactus from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Wolfe Research began coverage on shares of Cactus in a research note on Wednesday, November 27th. They issued a “market perform” rating and a $33.00 target price on the stock. Finally, Barclays reaffirmed a “buy” rating and issued a $35.00 target price on shares of Cactus in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.20.

Shares of NYSE WHD opened at $31.70 on Tuesday. The company has a quick ratio of 3.07, a current ratio of 4.32 and a debt-to-equity ratio of 0.05. Cactus has a 52 week low of $24.23 and a 52 week high of $40.68. The firm’s fifty day moving average is $30.18 and its 200 day moving average is $29.70. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 3.47 and a beta of 1.17.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Cactus had a net margin of 13.45% and a return on equity of 30.14%. The company had revenue of $160.81 million for the quarter, compared to the consensus estimate of $159.80 million. Equities research analysts anticipate that Cactus will post 1.84 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of WHD. Sumitomo Mitsui Trust Holdings Inc. increased its position in Cactus by 21.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,257 shares of the company’s stock valued at $1,565,000 after purchasing an additional 8,421 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cactus by 87.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,387 shares of the company’s stock valued at $112,000 after purchasing an additional 1,582 shares during the period. Fisher Asset Management LLC increased its position in Cactus by 31.4% during the 2nd quarter. Fisher Asset Management LLC now owns 271,495 shares of the company’s stock valued at $8,992,000 after purchasing an additional 64,832 shares during the period. First Trust Advisors LP purchased a new position in Cactus during the 2nd quarter valued at $2,960,000. Finally, Dupont Capital Management Corp purchased a new position in Cactus during the 2nd quarter valued at $839,000. 65.38% of the stock is currently owned by institutional investors and hedge funds.

Cactus Company Profile

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

Read More: Calculate Your Return on Investment (ROI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cactus (NYSE:WHD)

Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit