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

Key Points

• WSP Global has a consensus analyst rating of "Buy" from 11 brokerages, with 10 buy ratings and one strong buy rating. The average 1-year price target is C$300.50.
• The stock was trading down 8.3% at C$160.60, near its 52-week low of C$160.48 and well below its 52-week high of C$291.46. Its recent metrics include a market cap of C$21.65 billion and a P/E ratio of 21.91.
• WSP Global reported quarterly EPS of C$2.21 on revenue of C$4.55 billion in its latest earnings release. The company also paid a quarterly dividend of C$0.375 per share, equal to a 0.9% annualized yield.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have earned a consensus rating of "Buy" from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$300.50.

A number of equities research analysts have recently weighed in on the company. TD lowered their target price on WSP Global from C$308.00 to C$307.00 and set a "buy" rating for the company in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce lowered their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating for the company in a report on Wednesday, July 8th. Stifel Nicolaus decreased their target price on shares of WSP Global from C$320.00 to C$280.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Canaccord Genuity Group cut their price target on shares of WSP Global from C$345.00 to C$315.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Finally, Scotiabank lowered their target price on WSP Global from C$286.00 to C$281.00 and set a "sector outperform" rating on the stock in a report on Friday, July 10th.

WSP Global Trading Down 8.3%

Shares of WSP opened at C$160.60 on Friday. The business has a 50-day moving average of C$181.56 and a 200 day moving average of C$216.43. WSP Global has a fifty-two week low of C$160.48 and a fifty-two week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The firm has a market cap of C$21.65 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The company had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. As a group, research analysts forecast that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. WSP Global's payout ratio is 20.46%.

Insider Activity at WSP Global

In other news, Director Pascale Sourisse bought 364 shares of the firm's stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director owned 888 shares of the company's stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Corporate insiders own 0.06% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.