WSP Global (TSE:WSP) Reaches New 1-Year Low – Should You Sell?

Shares of WSP Global Inc. (TSE:WSP) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$173.23 and last traded at C$174.58, with a volume of 399960 shares traded. The stock had previously closed at C$176.70.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WSP shares. BMO Capital Markets cut their price objective on shares of WSP Global from C$334.00 to C$305.00 in a research report on Friday, May 8th. TD Securities lowered their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Scotiabank increased their target price on WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Royal Bank Of Canada lifted their price target on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. Finally, Stifel Nicolaus cut their price target on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$313.42.

WSP Global Price Performance

The firm has a market capitalization of C$23.54 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.09 and a beta of 0.20. The company’s 50 day moving average is C$202.70 and its 200-day moving average is C$227.85. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04.

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%. Equities research analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. WSP Global’s 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).