WSP Global (TSE:WSP) Reaches New 12-Month Low - What's Next?

Key Points

• WSP Global shares hit a new 52-week low, trading as low as C$212.30 (last C$214.62) on Friday and down about 1.5%, sitting below its 50‑day (C$240.62) and 200‑day (C$255.02) moving averages.
• Analysts remain largely positive with a MarketBeat consensus rating of Buy and an average price target of C$328.18, though views are mixed — several banks raised targets while Scotiabank cut theirs to C$284.
• Recent fundamentals: quarterly EPS C$2.65 on C$4.85B revenue, market cap ~C$28.9B and P/E ~29.15; WSP also declared a quarterly dividend of C$0.375 (C$1.50 annualized, ~0.7% yield).

WSP Global Inc. (TSE:WSP - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$212.30 and last traded at C$214.62, with a volume of 51572 shares changing hands. The stock had previously closed at C$217.74.

Analyst Ratings Changes

A number of analysts have recently commented on WSP shares. Royal Bank Of Canada boosted their price objective on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. BMO Capital Markets lifted their price target on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. Canadian Imperial Bank of Commerce boosted their price target on shares of WSP Global from C$342.00 to C$343.00 in a report on Monday, March 2nd. National Bank Financial upped their price objective on shares of WSP Global from C$304.00 to C$309.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Finally, Scotiabank decreased their price objective on shares of WSP Global from C$320.00 to C$284.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$328.18.

WSP Global Trading Down 1.5%

The company has a 50 day simple moving average of C$240.62 and a 200 day simple moving average of C$255.02. The company has a market capitalization of C$28.92 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.09 and a beta of 0.15. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27.

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. WSP Global had a return on equity of 10.86% and a net margin of 5.27%.The firm had revenue of C$4.85 billion for the quarter. Analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

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