WSP Global (TSE:WSP) Reaches New 1-Year Low – Here’s Why

Shares of WSP Global Inc. (TSE:WSP) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$181.97 and last traded at C$182.88, with a volume of 183548 shares trading hands. The stock had previously closed at C$186.04.

Analyst Ratings Changes

WSP has been the topic of several recent analyst reports. TD Securities cut their price objective on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Canaccord Genuity Group cut their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. TD cut their price objective on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Desjardins cut their price objective on shares of WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Scotiabank increased their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and a consensus price target of C$313.42.

WSP Global Stock Down 1.6%

The company has a fifty day moving average of C$213.63 and a 200 day moving average of C$234.66. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The company has a market cap of C$24.68 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The firm had revenue of C$4.55 billion for the quarter. On average, research analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio is 20.46%.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).