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

Key Points

• WSP Global has a consensus “Buy” rating from 13 analysts: 12 recommend buying and one rates it a strong buy. The average 12-month price target is C$294.15.
• Recent analyst actions remained positive but included lower targets from several firms, while RBC raised its target to C$304 and maintained an “outperform” rating.
• 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, equivalent to a 0.8% annualized yield.

WSP Global Inc. (TSE:WSP - Get Free Report) has earned a consensus rating of "Buy" from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$294.15.

Several research firms recently weighed in on WSP. Royal Bank Of Canada increased their price target on shares of WSP Global from C$300.00 to C$304.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Canadian Imperial Bank of Commerce decreased their price target on WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating on the stock in a research report on Wednesday, July 8th. Scotiabank dropped their price objective on WSP Global from C$286.00 to C$281.00 and set a "sector outperform" rating for the company in a research note on Friday, July 10th. TD cut their price target on shares of WSP Global from C$307.00 to C$255.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. Finally, ATB Cormark Capital Markets decreased their price objective on WSP Global from C$330.00 to C$325.00 and set an "outperform" rating on the stock in a report on Friday, August 7th.

Insider Activity at WSP Global

In other news, Director Pascale Sourisse purchased 364 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the acquisition, the director directly owned 888 shares of the company's stock, valued at C$152,753.76. This represents a 69.47% increase in their position. 0.06% of the stock is currently owned by insiders.

WSP Global Price Performance

Shares of TSE:WSP opened at C$196.50 on Tuesday. WSP Global has a 1-year low of C$156.64 and a 1-year high of C$291.46. The stock has a market cap of C$26.49 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.09 and a beta of 0.19. The stock's fifty day simple moving average is C$178.73 and its two-hundred day simple moving average is C$206.52. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47.

WSP Global (TSE:WSP - Get Free Report) last posted 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, analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.8%. The ex-dividend date 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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