In a report released today, Marshall Adkins from Raymond James maintained a Buy rating on Cactus Inc (WHD), with a price target of $44. The company’s shares closed yesterday at $36.08.
According to TipRanks.com, Adkins has 0 stars on 0-5 star ranking scale with an average return of -10.1% and a 33.5% success rate. Adkins covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Oil States International, and Compressco Partners LP.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cactus Inc with a $38.20 average price target, implying a 5.9% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $39 price target.
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The company has a one-year high of $40.97 and a one-year low of $24.60. Currently, Cactus Inc has an average volume of 292.1K.
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Cactus, Inc. engages in the design, manufacture, sale and rent out of a range of engineered wellhead and pressure control equipment. The products of the firm are sold and rented principally for onshore unconventional oil and gas wells, and are utilized during the drilling, completion, and production phase of wells.
