Citi Remains a Hold on Cactus (WHD)
In a report released today, Scott Gruber from Citi maintained a Hold rating on Cactus, with a price target of $45.00. The company’s shares closed yesterday at $43.16.
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According to TipRanks, Gruber is a 5-star analyst with an average return of 11.4% and a 55.67% success rate. Gruber covers the Energy sector, focusing on stocks such as Propetro Holding, Baker Hughes Company, and Liberty Oilfield Services.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cactus with a $46.00 average price target, representing a 6.58% upside. In a report released on October 29, Bank of America Securities also upgraded the stock to a Hold with a $40.00 price target.
WHD market cap is currently $3.43B and has a P/E ratio of 16.82.
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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