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

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WSP. Scotiabank increased their price objective on WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. TD lowered 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. Desjardins lowered their price objective on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research report on Friday, May 8th. TD Securities decreased their price target on WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, ATB Cormark Capital Markets decreased their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$313.42.

WSP Global Stock Performance

The firm has a market capitalization of C$26.01 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. The firm has a 50 day moving average price of C$218.58 and a 200-day moving average price of C$238.54.

WSP Global (TSE:WSP) last announced its quarterly earnings data 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 for 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 fiscal year.

WSP Global Announces Dividend

The business 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 (DPR) 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).