Originally published on Best Stocks Category: best stocks to buy now According to Bloomberg.com, the nine rating agencies presently keeping an eye on Cactus, Inc. (NYSE: WHD) have given the stock a recommendation of “Hold” as the overall consensus rating. This rating represents the consensus opinion of the nine rating agencies. In addition, seven of the total analysts in the sample group recommended maintaining a holding position with the stock. Brokerage firms covered the stock throughout the preceding year, and their average price target for the next twelve months is $55.00.Several research professionals have expressed their disagreement with the corporation in question in recent years. In a research note that was made available to the public on the internet by Morgan Stanley on September 26th, the brokerage firm increased their price objective for Cactus from $50.00 to $55.00 and designated the stock as having “equal weight.” Likewise, Barclays changed its rating for Cactus to “equal weight” in a research report made public on Thursday, October 6th. Previously, it had given the company an “overweight” rating. In addition, they lowered the price target they had set for the stock, which had previously been set at $52.00, bringing it down to $48:00.Several institutional investors and hedge funds have shifted their positions in WHD over the past few months, as evidenced by recent position changes. During the second quarter of the current fiscal year, EverSource Wealth Advisors LLC increased the percentage of Cactus shares it held by 866.7%. After purchasing an additional 598 shares throughout the relevant period, EverSource Wealth Advisors LLC has 667 shares of the company’s stock, currently valued at $27,000. These shares were acquired during the period in question. Point72 Hong Kong Ltd. shelled out $39,000 during the second quarter of 2018 to acquire a new investment in the Cactus cryptocurrency. Premier Fund Managers Ltd. increased the percentage of Cactus shares it held by 6.8% during the year’s second quarter. Premier Fund Managers Ltd. is now the owner of 23,643 shares of the company’s stock after purchasing an additional 1,500 shares during the most recent quarter. Each share of the company’s stock is currently valued at $82,000. During the second quarter, Captrust Financial Advisors accomplished a 48.1% increase in the amount of Cactus stock it owned. The most recent quarter saw Captrust Financial Advisors acquire 689 additional shares, bringing their total number of directly owned shares in the company to 2,120, with an estimated value of $85,000. Captrust Financial Advisors is a member of the Financial Services Roundtable. At the end of the second quarter, CWM LLC completed an increase of 35.3% in the amount of Cactus stock it owned, bringing the total to 100%. Following the acquisition of 771 shares during the most recent fiscal quarter, CWM LLC now holds 2,956 shares of the company’s stock. Each share of company stock is currently valued at $119,000. Institutional investors own the company’s stock to 83.96 percent.On Friday, a share of WHD stock was set at $53.10 when trading began. Currently, the company has a market value of $4.02 billion, a price-to-earnings-growth ratio of 0.56, a price-to-earnings ratio of 42.82, and a beta value of 1.96. All of these metrics point to the company being a relatively stable investment. During the previous year, the price of Cactus fluctuated between $34.70 and $64.18. The price was as low as $34.70 and as high as $64.18. The stock price has reached $43.90, equal to its fifty-day moving average and $44.32 when calculated using its 200-day moving average. The debt to equity ratio is 5.23, and the ratio of current assets to current liabilities is 3.91; all three ratios add up to 3.92. The ratio of quick assets to current liabilities is 3.91.The most recent earnings report for Cactus, traded on the NYSE under the symbol “WHD,” was released on August 4th. The company’s earnings per share for the period were $0.44, which is $0.08 higher than the consensus expectation of $0.36 per share. Even though market observers anticipated that the company would bring in sales totaling $161.11 million during the quarter, the actual amount it brought in was $170.20 million. Cactus achieved a return on equity of 12.05%, and the net margin for the company was 13.43%. Cactus’s revenue during the most recent quarter was up 56.3% when measured against the revenue that was brought in during the prior quarter. Profits per share for the company came in at $0.16 for the same period the year before. The analysts who follow the stock market anticipate that Cactus will generate $1.76 per share earnings this year.Cactus, Inc. designs and manufactures a wide variety of wellheads and pressure control equipment and sells and rents this machinery in the United States of America, Australia, China, and the Kingdom of Saudi Arabia. These locations include China, Saudi Arabia, and the United Kingdom. In addition to the Cactus SafeDrill wellhead systems, SafeLink mono bore systems, SafeClamp systems, and SafeInject systems, the most important products this company manufactures include frac stacks, zipper manifolds, and production trees.