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

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$208.67 and last traded at C$209.50, with a volume of 28439 shares traded. The stock had previously closed at C$211.28.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WSP shares. Canaccord Genuity Group cut their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research note on Friday. National Bank Financial raised their price target on shares of WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research note on Friday. TD Securities lowered their price objective on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce cut their price objective on shares of WSP Global from C$328.00 to C$318.00 in a research report on Friday. Finally, ATB Cormark Capital Markets reduced their target price on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$313.42.

WSP Global Trading Down 1.9%

The business’s 50-day moving average price is C$223.42 and its 200 day moving average price is C$242.56. The company has a market cap of C$27.95 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

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

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 31st. WSP Global’s payout ratio 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).