Citigroup analyst Scott Gruber maintained a Buy rating on Cactus Inc (WHD) today and set a price target of $41. The company’s shares opened today at $28.86.
According to TipRanks.com, Gruber is a 1-star analyst with an average return of -2.5% and a 38.1% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Oceaneering International, and C&J Energy Services Inc.
Cactus Inc has an analyst consensus of Strong Buy, with a price target consensus of $38.75.
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Cactus Inc’s market cap is currently $1.07B and has a P/E ratio of 16.59. The company has a Price to Book ratio of 6.60.
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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.
