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

WSP Global Inc. (TSE:WSP) has been given an average recommendation of “Buy” by the twelve analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$268.27.

A number of analysts have weighed in on the stock. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. BMO Capital Markets boosted their target price on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Royal Bank of Canada increased their price target on WSP Global from C$261.00 to C$279.00 in a report on Friday, November 8th. Finally, CIBC boosted their price objective on WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th.

WSP Global Price Performance

Shares of TSE:WSP opened at C$254.25 on Thursday. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. WSP Global has a 52 week low of C$180.73 and a 52 week high of C$259.60. The firm has a market cap of C$31.70 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The firm’s fifty day moving average is C$248.14 and its 200-day moving average is C$231.63.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, hitting the consensus estimate of C$2.24. The firm had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, December 31st. WSP Global’s payout ratio is presently 31.38%.

WSP Global Company Profile

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.