WSP Global Inc. (TSE:WSP) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have earned an average recommendation of "Buy" from the twelve analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$237.08.

WSP has been the subject of several research reports. TD Securities upped their target price on WSP Global from C$220.00 to C$255.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Veritas Investment Research reissued a "buy" rating on shares of WSP Global in a research note on Friday, March 1st. National Bankshares raised their price objective on WSP Global from C$212.00 to C$234.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price objective on WSP Global from C$246.00 to C$248.00 in a report on Friday, May 10th. Finally, ATB Capital boosted their price objective on WSP Global from C$210.00 to C$220.00 and gave the company a "sector perform" rating in a research report on Friday, March 1st.

WSP Global Price Performance

Shares of WSP Global stock traded down C$0.29 on Wednesday, hitting C$217.65. 152,720 shares of the company traded hands, compared to its average volume of 161,305. WSP Global has a 12-month low of C$166.75 and a 12-month high of C$230.98. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. The company has a market cap of C$27.14 billion, a P/E ratio of 48.26, a P/E/G ratio of 1.09 and a beta of 0.82. The firm's 50-day simple moving average is C$217.94 and its 200 day simple moving average is C$201.92.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$1.99 earnings per share for the quarter, beating analysts' consensus estimates of C$1.91 by C$0.08. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. The business had revenue of C$3.72 billion for the quarter, compared to the consensus estimate of C$2.81 billion. Analysts expect that WSP Global will post 8.0172035 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. WSP Global's dividend payout ratio (DPR) is presently 33.26%.

WSP Global Company Profile

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.