WSP Global (TSE:WSP) Sets New 1-Year Low – What’s Next?

WSP Global Inc. (TSE:WSP) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$168.99 and last traded at C$169.85, with a volume of 229735 shares trading hands. The stock had previously closed at C$175.14.

Analyst Ratings Changes

WSP has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce dropped their target price on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research report on Wednesday, July 8th. Desjardins set a C$372.00 price target on WSP Global and gave the company a “buy” rating in a report on Thursday, July 16th. Canaccord Genuity Group lowered their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. TD dropped their price objective on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, National Bank Financial cut their target price on shares of WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, WSP Global presently has an average rating of “Buy” and an average target price of C$300.50.

WSP Global Stock Performance

The stock has a 50 day moving average price of C$180.91 and a two-hundred day moving average price of C$216.04. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The company has a market cap of C$21.72 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.09 and a beta of 0.20.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The business had revenue of C$4.55 billion for the quarter. Analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. WSP Global’s dividend payout ratio (DPR) is 20.46%.

Insider Activity

In related news, Director Pascale Sourisse bought 364 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the transaction, the director owned 888 shares of the company’s stock, valued at C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Insiders own 0.06% of the company’s stock.

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).