WSP Global (TSE:WSP) Hits New 1-Year High – Should You Buy?

WSP Global Inc. (TSE:WSP)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$259.71 and last traded at C$259.08, with a volume of 19075 shares. The stock had previously closed at C$258.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WSP shares. BMO Capital Markets boosted their target price on shares of WSP Global from C$257.00 to C$280.00 in a research note on Friday, November 8th. Raymond James upped their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. CIBC lifted their target price on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Royal Bank of Canada increased their price target on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Finally, Scotiabank upgraded WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$271.91.

WSP Global Stock Performance

The firm has a fifty day moving average of C$248.90 and a 200-day moving average of C$238.05. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The firm has a market cap of C$32.34 billion, a P/E ratio of 54.26, a PEG ratio of 1.09 and a beta of 0.82.

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

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. 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.