WSP Global (TSE:WSP) Sets New 12-Month Low – What’s Next?

WSP Global Inc. (TSE:WSP) reached a new 52-week low on Tuesday . The stock traded as low as C$180.81 and last traded at C$182.48, with a volume of 440476 shares. The stock had previously closed at C$186.86.

Analyst Ratings Changes

Several equities analysts recently weighed in on WSP shares. TD cut their price objective on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce cut their price objective on WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. National Bank Financial boosted their price objective on WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, BMO Capital Markets cut their price target on WSP Global from C$334.00 to C$305.00 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$313.42.

WSP Global Stock Performance

The firm has a fifty day simple moving average of C$210.27 and a 200 day simple moving average of C$232.28. 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 stock has a market cap of C$24.60 billion, a price-to-earnings ratio of 24.89, a PEG 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 EPS for the quarter. The firm 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%. As a group, sell-side analysts expect that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.8%. 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).