WSP Global (OTCMKTS:WSPOF) Sets New 1-Year Low – Here’s What Happened

WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low during trading on Monday . The stock traded as low as $121.44 and last traded at $121.44, with a volume of 56 shares. The stock had previously closed at $124.9746.

Analysts Set New Price Targets

Several brokerages have weighed in on WSPOF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, WSP Global currently has a consensus rating of “Buy”.

WSP Global Stock Performance

The company’s 50-day moving average price is $147.70 and its 200 day moving average price is $165.88. The stock has a market capitalization of $16.86 billion and a PE ratio of 77.68. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.19.

WSP Global (OTCMKTS:WSPOF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.13. WSP Global had a net margin of 5.46% and a return on equity of 12.01%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.65 billion.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.