WSP Global Inc. (TSE:WSP) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Analyst sentiment is strongly positive: all 13 analysts covering WSP Global rate it Buy or Strong Buy, with an average 12-month price target of C$294.15.
• Several brokerages recently lowered their price targets, although ratings remained positive; targets now range from C$255 to C$369, while RBC raised its target to C$304.
• WSP reported quarterly EPS of C$2.88 on C$5.40 billion in revenue and declared a quarterly dividend of $0.375 per share, representing a 0.8% annualized yield.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have earned a consensus recommendation of "Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$294.15.

A number of brokerages have issued reports on WSP. TD cut their price target on shares of WSP Global from C$307.00 to C$255.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. ATB Cormark Capital Markets cut their target price on WSP Global from C$330.00 to C$325.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Desjardins reduced their target price on WSP Global from C$372.00 to C$369.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of WSP Global from C$300.00 to C$304.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating on the stock in a research note on Wednesday, July 8th.

Insider Activity

In related news, Director Pascale Sourisse bought 364 shares of the company's stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is currently owned by company insiders.

WSP Global Price Performance

Shares of WSP stock opened at C$180.17 on Friday. WSP Global has a fifty-two week low of C$156.64 and a fifty-two week high of C$291.00. The firm has a market capitalization of C$24.29 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.09 and a beta of 0.30. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The stock's 50-day simple moving average is C$182.23 and its 200-day simple moving average is C$198.61.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The firm had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. As a group, equities analysts forecast that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. WSP Global's dividend payout ratio (DPR) is presently 21.40%.

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).

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