WSP Global (TSE:WSP) Hits New 52-Week Low – What’s Next?

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

Analyst Ratings Changes

Several brokerages have recently commented on WSP. TD Securities reduced their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. National Bank Financial raised 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 research report on Friday, May 8th. ATB Cormark Capital Markets dropped their price target 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. TD dropped their price target on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus dropped their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$313.42.

WSP Global Stock Performance

The firm has a market cap of C$26.10 billion, a P/E ratio of 26.42, a PEG ratio of 1.09 and a beta of 0.28. 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 company’s 50-day moving average is C$217.17 and its two-hundred day moving average is C$237.70.

WSP Global (TSE:WSP) last announced its quarterly earnings results 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 business had revenue of C$4.55 billion for the quarter. As a group, equities analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The company 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 of this dividend was Tuesday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. WSP Global’s dividend payout ratio (DPR) is currently 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).