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

WSP Global Inc. (TSE:WSP)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$177.55 and last traded at C$178.74, with a volume of 38649 shares trading hands. The stock had previously closed at C$181.46.

Analyst Upgrades and Downgrades

WSP has been the subject of a number of research reports. National Bank Financial raised their price target on shares of WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their target price on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. Canaccord Genuity Group dropped their price target 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. TD Securities reduced their price objective 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. Finally, TD lowered their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$313.42.

WSP Global Trading Down 0.9%

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 50 day moving average price of C$204.46 and a 200 day moving average price of C$228.82. The stock has a market capitalization of C$23.67 billion, a PE ratio of 23.95, a P/E/G ratio of 1.09 and a beta of 0.20.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The company had revenue of C$4.55 billion for the quarter. Equities analysts expect 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 will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a $0.375 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. WSP Global’s dividend payout ratio 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).