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

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 Ratings Changes

Several research analysts have issued reports on WSP shares. ATB Cormark Capital Markets cut their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. TD decreased their price target on 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. Canadian Imperial Bank of Commerce cut their price objective on shares of WSP Global from C$328.00 to C$318.00 in a report on Friday, May 8th. National Bank Financial boosted their target price on WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Canaccord Genuity Group decreased their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, WSP Global currently has a consensus rating of “Buy” and an average price target of C$313.42.

WSP Global Price Performance

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 cap of C$23.92 billion, a PE ratio of 24.21, a PEG ratio of 1.09 and a beta of 0.20. The business has a fifty day moving average of C$206.13 and a 200-day moving average of C$229.78.

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. The firm had revenue of C$4.55 billion for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, research analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th. WSP Global’s payout ratio is presently 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).