Cactus (WHD) Receives a Buy from Stifel Nicolaus
Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Cactus today and set a price target of $48.00. The company’s shares closed yesterday at $42.27.
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Gengaro covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Patterson-UTI. According to TipRanks, Gengaro has an average return of 14.2% and a 45.70% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cactus with a $46.67 average price target, representing a 10.41% upside. In a report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $49.00 price target.
WHD market cap is currently $3.37B and has a P/E ratio of 14.84.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WHD in relation to earlier this year.
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