Cactus Inc (NYSE:WHD) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have covered the stock in the last year is $31.00.
WHD has been the topic of several recent research reports. Barclays initiated coverage on shares of Cactus in a report on Monday, March 5th. They issued an “overweight” rating and a $31.00 price target on the stock. Piper Jaffray initiated coverage on shares of Cactus in a research note on Monday, March 5th. They set an “overweight” rating on the stock. Credit Suisse Group initiated coverage on shares of Cactus in a research note on Monday, March 5th. They set an “outperform” rating and a $31.00 price objective on the stock. Bank of America initiated coverage on shares of Cactus in a research note on Monday, March 5th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, JPMorgan Chase initiated coverage on shares of Cactus in a research note on Monday, March 5th. They set an “overweight” rating and a $32.00 price objective on the stock.
Shares of NYSE WHD opened at $26.93 on Friday. Cactus has a 12-month low of $19.18 and a 12-month high of $27.96. The company has a debt-to-equity ratio of -6.89, a quick ratio of 1.88 and a current ratio of 3.10.
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Cactus, Inc is focused on designing, manufacturing, selling and renting a wellheads and pressure control equipment. Its principal products, include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds and production trees. The Cactus SafeDrill wellhead systems employ technology traditionally associated with deepwater applications, which allows technicians to land and secure casing strings safely from the rig floor without the need to descend into the well cellar.
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