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

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$181.97 and last traded at C$182.88, with a volume of 183548 shares changing hands. The stock had previously closed at C$186.04.

Analysts Set New Price Targets

WSP has been the subject of a number of recent analyst reports. National Bank Financial upped their price target on shares of WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a report on Friday, May 8th. TD Securities lowered their price target on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. TD lowered their price target on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Royal Bank Of Canada upped their price target on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. Finally, Scotiabank upped their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$313.42.

WSP Global Stock Down 1.6%

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 firm has a market capitalization of C$24.68 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The company’s fifty day simple moving average is C$213.63 and its 200 day simple moving average is C$234.66.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Research analysts expect that WSP Global Inc. will post 9.5687404 EPS 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 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%.

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).