WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of “Buy” from Analysts

WSP Global Inc. (TSE:WSP) has earned a consensus rating of “Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$236.92.

A number of equities research analysts have issued reports on WSP shares. Desjardins increased their target price on shares of WSP Global from C$210.00 to C$243.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. TD Securities raised their price objective on shares of WSP Global from C$220.00 to C$255.00 and gave the stock a “buy” rating in a report on Monday, March 4th. BMO Capital Markets lifted their price target on shares of WSP Global from C$244.00 to C$246.00 and gave the company an “outperform” rating in a report on Wednesday. National Bankshares raised their price objective on shares of WSP Global from C$212.00 to C$234.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, CIBC lifted their price target on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

WSP Global Stock Performance

Shares of WSP Global stock opened at C$214.23 on Friday. The firm has a market cap of C$26.71 billion, a PE ratio of 48.80, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. WSP Global has a 1 year low of C$166.75 and a 1 year high of C$230.98. The firm’s 50-day simple moving average is C$217.35 and its 200-day simple moving average is C$199.03. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.04 and a current ratio of 1.15.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.91 by C$0.08. The business had revenue of C$3.72 billion during the quarter, compared to analysts’ expectations of C$2.81 billion. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. Equities analysts forecast that WSP Global will post 7.9537594 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 27th. WSP Global’s dividend payout ratio (DPR) is 34.17%.

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.