WSP Global (TSE:WSP) Reaches New 12-Month Low - Here's Why

Key Points

• Shares hit a 52-week low: WSP traded as low as C$220.93 and last at C$221.48 on volume of 1,341,267, down from a prior close of C$253.24.
• Analysts remain bullish: Multiple firms raised price targets and the consensus target is about C$330.83, with one Strong Buy and nine Buy ratings.
• Key fundamentals: market cap ~C$29.86B, PE 33.16, recent quarterly EPS C$2.82 on revenue C$4.53B, net margin 4.24% and debt-to-equity ~80.45.

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as C$220.93 and last traded at C$221.48, with a volume of 1341267 shares trading hands. The stock had previously closed at C$253.24.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WSP. ATB Capital lifted their price objective on shares of WSP Global from C$305.00 to C$330.00 and gave the company an "outperform" rating in a research note on Tuesday, December 23rd. Desjardins raised their price target on WSP Global from C$346.00 to C$375.00 and gave the stock a "buy" rating in a report on Tuesday, December 23rd. BMO Capital Markets boosted their price objective on WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. TD Securities increased their price objective on WSP Global from C$330.00 to C$335.00 and gave the stock a "buy" rating in a report on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce cut their target price on WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$330.83.

WSP Global Stock Performance

The firm has a market capitalization of C$29.86 billion, a PE ratio of 33.16, a PEG ratio of 1.09 and a beta of 0.47. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The company has a 50-day moving average of C$256.69 and a 200 day moving average of C$267.24.

WSP Global (TSE:WSP - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 earnings per share for the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%.The firm had revenue of C$4.53 billion for the quarter. Equities research analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current year.

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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