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

Shares of 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 changing hands. The stock had previously closed at C$186.86.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WSP shares. Stifel Nicolaus lowered their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. ATB Cormark Capital Markets lowered their price objective 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. Canaccord Genuity Group lowered their price objective on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce lowered their price objective on WSP Global from C$328.00 to C$318.00 in a research note on Friday, May 8th. Finally, Desjardins lowered their price objective on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, WSP Global currently has a consensus rating of “Buy” and a consensus target price of C$313.42.

WSP Global Price Performance

The stock has a fifty day moving average of C$210.27 and a two-hundred day moving average of C$232.28. The stock has a market capitalization 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. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The firm had revenue of C$4.55 billion during the quarter. As a group, equities research analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 31st. WSP Global’s dividend payout ratio (DPR) is currently 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).