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

WSP Global Inc. (TSE:WSP) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$188.35 and last traded at C$189.69, with a volume of 24549 shares changing hands. The stock had previously closed at C$191.07.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WSP shares. Scotiabank increased their target price on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Royal Bank Of Canada increased their target price on WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. National Bank Financial increased their target price on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus reduced their target price on WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Desjardins reduced their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, WSP Global presently has a consensus rating of “Buy” and a consensus target price of C$313.42.

WSP Global Stock Up 1.0%

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 business has a 50-day moving average price of C$218.58 and a 200-day moving average price of C$238.54. The firm has a market capitalization of C$26.01 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28.

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. The business had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. Equities research analysts forecast 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. Investors of record on Wednesday, April 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio is presently 20.46%.

WSP Global Company Profile

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).