WSP Global (TSE:WSP) Sets New 12-Month High After Analyst Upgrade

WSP Global Inc. (TSE:WSP) reached a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$260.00 to C$285.00. The company traded as high as C$241.26 and last traded at C$240.87, with a volume of 20764 shares. The stock had previously closed at C$239.63.

WSP has been the subject of a number of other reports. CIBC raised their price target on WSP Global from C$245.00 to C$264.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada upped their price target on WSP Global from C$252.00 to C$261.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. ATB Capital upped their price target on WSP Global from C$235.00 to C$250.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Raymond James raised their price target on WSP Global from C$255.00 to C$270.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, August 20th. Finally, National Bankshares set a C$255.00 target price on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average price target of C$256.58.

WSP Global Stock Performance

The company has a market cap of C$30.18 billion, a P/E ratio of 50.63, a P/E/G ratio of 1.09 and a beta of 0.81. The firm’s fifty day moving average price is C$227.98 and its 200-day moving average price is C$219.08. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last issued its earnings results on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The firm had revenue of C$2.99 billion during the quarter, compared to the consensus estimate of C$2.93 billion. As a group, research analysts forecast that WSP Global Inc. will post 9.4350933 EPS for the current fiscal year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 0.62%. WSP Global’s dividend payout ratio is presently 31.38%.

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.