WSP Global (TSE:WSP) Sets New 52-Week High – Should You Buy?

WSP Global Inc. (TSE:WSP)’s stock 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 Analyst Weigh In

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

WSP Global Stock Performance

The company has a market cap of C$32.48 billion, a price-to-earnings ratio of 54.50, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock’s fifty day simple moving average is C$247.70 and its two-hundred day simple moving average is C$237.14.

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

WSP Global Dividend Announcement

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