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

Shares of WSP Global Inc. (TSE:WSP) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$180.81 and last traded at C$182.48, with a volume of 440476 shares trading hands. The stock had previously closed at C$186.86.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$328.00 to C$318.00 in a research note on Friday, May 8th. Stifel Nicolaus decreased their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Desjardins decreased their price target on shares of WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. ATB Cormark Capital Markets decreased their price target on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. Finally, BMO Capital Markets decreased their price target on shares of WSP Global from C$334.00 to C$305.00 in a research note on Friday, May 8th. One 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 a consensus target price of C$313.42.

WSP Global Stock Performance

The stock has a market cap of C$24.73 billion, a P/E ratio of 25.03, a PEG ratio of 1.09 and a beta of 0.20. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. The stock has a 50-day simple moving average of C$209.07 and a 200-day simple moving average of C$231.44.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Research analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. WSP Global’s dividend payout ratio is 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).