WSP Global Inc. (TSE:WSP) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Analyst consensus — Buy: Ten analysts rate WSP a "Buy" (nine buys, one strong buy) with an average 12‑month price target of C$323.27, well above the recent share price around C$225.34.
• Recent results and valuation: WSP reported quarterly EPS of C$2.65 on C$4.85B revenue, has a market cap of C$30.38B and a P/E of 30.62, with analysts forecasting about 9.57 EPS for the current fiscal year.
• Dividend: WSP announced a quarterly dividend of C$0.375 (C$1.50 annualized) for a yield of ~0.7%, with ex‑dividend on March 31 and payment on April 15.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have earned an average rating of "Buy" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$323.27.

WSP has been the subject of several recent analyst reports. Scotiabank upped their target price on WSP Global from C$284.00 to C$286.00 and gave the stock an "outperform" rating in a research note on Monday. Royal Bank Of Canada upped their target price on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. Stifel Nicolaus cut their target price on WSP Global from C$360.00 to C$320.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce cut their target price on WSP Global from C$343.00 to C$328.00 in a research note on Thursday, April 9th. Finally, Desjardins upped their target price on WSP Global from C$346.00 to C$375.00 and gave the stock a "buy" rating in a research note on Tuesday, December 23rd.

WSP Global Trading Up 1.5%

Shares of WSP stock opened at C$225.34 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.04 and a debt-to-equity ratio of 59.38. The stock has a market cap of C$30.38 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30. The stock has a 50 day simple moving average of C$227.76 and a 200 day simple moving average of C$248.90. WSP Global has a 1 year low of C$210.86 and a 1 year high of C$291.46.

WSP Global (TSE:WSP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$2.65 earnings per share (EPS) for the quarter. The business had revenue of C$4.85 billion during the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%. On average, research analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.7%. WSP Global's dividend payout ratio is presently 20.38%.

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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