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WHD

Cactus

$32.99

1 (3.13%)

07:09
05/15/18
05/15
07:09
05/15/18
07:09

Cactus price target raised to $36 from $31 at Barclays

Barclays analyst David Anderson raised his price target for Cactus to $36 saying the company is "hitting on all cylinders." Cactus, after "blowing past expectations" in the quarter, sent "strong signals" that momentum should continue, Anderson tells investors in a research note. He feels this especially true in the Rental business, where the company effectively ran out of equipment to ship to customers causing an acceleration of rental capex this quarter. The analyst keeps an Overweight rating on Cactus shares.

WHD Cactus
$32.99

1 (3.13%)

03/05/18
JPMS
03/05/18
INITIATION
Target $32
JPMS
Overweight
Cactus initiated with an Overweight at JPMorgan
JPMorgan analyst Sean Meakim started Cactus with an Overweight rating and $32 price target. The company's "best-in-class" margin and returns profile through the downturn and "rapid" commercial adoption since its 2011 entry validate its differentiated value proposition, Meakim tells investors in a research note.
03/05/18
03/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alta Mesa Resources (AMR) initiated with an Outperform at Imperial Capital. 2. Cactus (WHD) was initiated with an Overweight at Barclays, Piper Jaffray, and JPMorgan, an Outperform at Credit Suisse and a Buy at BofA/Merrill. 3. Victory Capital (VCTR) was initiated with an Overweight at Barclays, Morgan Stanley and JPMorgan, an Outperform at William Blair and RBC Capital, a Market Perform at Keefe Bruyette, a Buy at BofA/Merrill, a Neutral at Goldman Sachs, as well as a Hold at Sandler O'Neill. 4. Evolus (EOLS) was initiated with an Overweight at Cantor Fitzgerald, an Outperform at JMP Securities and a Buy at Mizuho and SunTrust. 5. MacroGenics (MGNX) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/06/18
SBSH
03/06/18
INITIATION
Target $31
SBSH
Buy
Cactus initiated with a Buy at Citi
Citi analyst Scott Gruber started Cactus with a Buy rating and $31 price target. The company is an "emerging leader" within the U.S. onshore wellhead market and stands positioned to deliver "robust" free cash flow for numerous years going forward, the analyst contends.
04/06/18
RBCM
04/06/18
INITIATION
Target $32
RBCM
Outperform
Cactus initiated with an Outperform at RBC Capital
RBC Capital analyst Kurt Halead initiated Cactus with an Outperform rating and a price target of $32, saying the stock presents an opportunity for "small cap cyclical growth fund managers looking for direct exposure to the consumable oilfield equipment market and tangential exposure to land drilling and frac". Halead added that the company's free cash flows should allow it to pursue M&A opportunities and also positions it "on the leading edge of product development", translating into market share gains for Cactus.

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