On September 13, 2023, Arun Jayaram, a renowned analyst from JP Morgan, has made his mark by initiating coverage on Cactus (NYSE:WHD). In his evaluation, he has assigned a Neutral rating to the company and set a price target of $60. Arun Jayaram, with his extensive expertise in the Basic Materials sector, has successfully covered an impressive portfolio of 54 stocks, boasting an impressive success rate of 58.38%.
Cactus, Inc.
WHD
Strong Buy
Updated on: 13/09/2023
WHD Stock Analysis: Impressive Earnings Growth and Positive Market Performance on September 13, 2023
On September 13, 2023, WHD stock had an interesting day of trading. The stock opened at $54.98 and experienced a range of $52.32 to $55.57. The volume for the day was 1,192,009 shares. WHD has a market capitalization of $4.4 billion and has shown impressive earnings growth in the past year. The revenue growth for WHD in the last year was +56.95%. The price-to-earnings (P/E) ratio for WHD is 26.0. WHD stock saw a modest increase in price on September 13, 2023, gaining $1.42 or 4.88%. Other stocks in the same sector and industry also experienced gains. WHD’s next reporting date is set for November 1, 2023, with analysts forecasting an EPS of $0.73 for the current quarter. WHD generated an annual revenue of $688.4 million and a profit of $110.2 million in the previous year.
Market Sentiment and Price Forecasts for Cactus Inc: Analysts Insights and Recommendations
On September 13, 2023, WHD stock had a median target price of $59.50, according to 10 analysts. The high estimate was $68.00, while the low estimate was $46.00. The current consensus among 11 polled investment analysts was to hold the stock. Cactus Inc reported earnings per share of $0.73 for the current quarter, with sales reaching $292.3 million. The reporting date for these figures was set for November 1. The analysts’ price forecasts and consensus rating provide insights into the market sentiment towards Cactus Inc. Investors should carefully consider these forecasts and conduct thorough research before making any investment decisions. It is also advisable to stay updated on the company’s financial reports and any relevant news or developments that may impact its performance in the future.
