WSP Global Inc. (TSE:WSP) Given Average Rating of “Buy” by Analysts

WSP Global Inc. (TSE:WSP) has earned an average rating of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$236.75.

Several equities research analysts recently commented on WSP shares. Scotiabank boosted their price objective on shares of WSP Global from C$233.00 to C$239.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. ATB Capital upped their target price on shares of WSP Global from C$210.00 to C$220.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. Raymond James raised shares of WSP Global from an “outperform” rating to a “strong-buy” rating and upped their target price for the company from C$215.00 to C$245.00 in a report on Friday, January 26th. CIBC upped their price target on shares of WSP Global from C$234.00 to C$239.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Finally, National Bankshares upped their target price on shares of WSP Global from C$212.00 to C$234.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st.

WSP Global Price Performance

Shares of TSE:WSP opened at C$209.64 on Friday. The stock has a market cap of C$26.14 billion, a PE ratio of 47.75, a PEG ratio of 1.09 and a beta of 0.80. The company’s fifty day moving average is C$216.48 and its 200 day moving average is C$198.33. WSP Global has a 52 week low of C$166.75 and a 52 week high of C$230.98. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 67.33.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.91 by C$0.08. WSP Global had a net margin of 3.81% and a return on equity of 8.96%. The firm had revenue of C$3.72 billion for the quarter, compared to analysts’ expectations of C$2.81 billion. Research analysts anticipate that WSP Global will post 7.9537594 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.50 annualized dividend and a yield of 0.72%. WSP Global’s dividend payout ratio is presently 34.17%.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.