WSP Global (TSE:WSP) Sets New 12-Month Low – Time to Sell?

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$177.55 and last traded at C$178.74, with a volume of 38649 shares traded. The stock had previously closed at C$181.46.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Desjardins lowered their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research note on Friday, May 8th. National Bank Financial lifted their price objective on WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. ATB Cormark Capital Markets cut their target price 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. Royal Bank Of Canada upped their price target on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. Finally, BMO Capital Markets dropped their price objective on shares of WSP Global from C$334.00 to C$305.00 in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, WSP Global has an average rating of “Buy” and a consensus price target of C$313.42.

WSP Global Price Performance

The firm’s fifty day simple moving average is C$206.13 and its 200-day simple moving average is C$229.78. The firm has a market capitalization of C$23.92 billion, a PE ratio of 24.21, a PEG ratio of 1.09 and a beta of 0.20. The company has a quick ratio of 1.04, a current ratio of 1.19 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. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The company had revenue of C$4.55 billion during the quarter. On average, research analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. WSP Global’s dividend 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).