WSP Global (TSE:WSP) Hits New 1-Year Low – Time to Sell?

WSP Global Inc. (TSE:WSP) reached a new 52-week low during trading on Tuesday . The company traded as low as C$208.67 and last traded at C$209.50, with a volume of 28439 shares changing hands. The stock had previously closed at C$211.28.

Wall Street Analysts Forecast Growth

WSP has been the subject of several research analyst reports. Scotiabank upped 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 note on Monday, April 13th. TD dropped their price target on WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce cut their price target on WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. ATB Cormark Capital Markets lowered their target price on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Finally, Stifel Nicolaus decreased their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to data from MarketBeat, WSP Global presently has an average rating of “Buy” and a consensus price target of C$313.42.

WSP Global Price Performance

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 company has a 50 day moving average price of C$222.13 and a 200 day moving average price of C$241.43. The firm has a market cap of C$25.75 billion, a PE ratio of 26.06, a PEG ratio of 1.09 and a beta of 0.28.

WSP Global (TSE:WSP) last posted 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. Sell-side analysts expect that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.8%. WSP Global’s 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).