WSP Global (TSE:WSP) Reaches New 52-Week High – Still a Buy?

Shares of WSP Global Inc. (TSE:WSP) hit a new 52-week high during trading on Thursday . The company traded as high as C$259.71 and last traded at C$259.08, with a volume of 19075 shares traded. The stock had previously closed at C$258.02.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WSP shares. CIBC raised their target price on shares of WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. BMO Capital Markets raised their price objective on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Raymond James lifted their target price on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus increased their price target on WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Finally, Canaccord Genuity Group boosted their price target on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$271.91.

WSP Global Price Performance

The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The company has a market capitalization of C$32.34 billion, a P/E ratio of 54.26, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a 50 day moving average price of C$248.90 and a 200 day moving average price of C$238.05.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting analysts’ consensus estimates of C$2.24. The firm had revenue of C$3 billion during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, equities analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. WSP Global’s dividend payout ratio (DPR) is currently 31.38%.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.