WSP Global (TSE:WSP) Reaches New 52-Week Low – Here’s Why

Shares of WSP Global Inc. (TSE:WSP) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$187.00 and last traded at C$187.00, with a volume of 9730 shares trading hands. The stock had previously closed at C$194.45.

Analysts Set New Price Targets

WSP has been the subject of a number of recent research reports. ATB Cormark Capital Markets decreased their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. 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 report on Friday, May 8th. TD lowered 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 note on Tuesday, April 28th. Finally, Scotiabank boosted their target price 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. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat.com, WSP Global has a consensus rating of “Buy” and an average price target of C$313.42.

WSP Global Stock Down 3.8%

The firm has a market cap of C$25.21 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.09 and a beta of 0.28. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The firm has a fifty day moving average price of C$215.43 and a 200-day moving average price of C$236.05.

WSP Global (TSE:WSP) last released its earnings results 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 net margin of 5.23% and a return on equity of 10.39%. As a group, sell-side analysts forecast that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. WSP Global’s dividend payout ratio 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).