WSP Global (TSE:WSP) Hits New 12-Month Low – Should You Sell?

WSP Global Inc. (TSE:WSP) reached a new 52-week low on Thursday . The stock traded as low as C$187.00 and last traded at C$187.00, with a volume of 9730 shares trading hands. The stock had previously closed at C$194.45.

Analyst Upgrades and Downgrades

WSP has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce dropped their target price on shares of WSP Global from C$328.00 to C$318.00 in a research report on Friday, May 8th. ATB Cormark Capital Markets reduced 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 report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. Stifel Nicolaus dropped their price objective on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, BMO Capital Markets cut their target price 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 assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$313.42.

WSP Global Trading Down 3.8%

The firm has a market cap of C$25.21 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The business has a 50 day moving average price of C$215.43 and a 200-day moving average price of C$236.05.

WSP Global (TSE:WSP) last released its quarterly 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 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 expect that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.375 per share. The ex-dividend date 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 (DPR) is currently 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).