WSP Global Inc. (TSE:WSP) has garnered a consensus rating of "Buy" from eleven brokerage firms monitoring the company, ten have issued buy recommendations, while one has gone further,assigning a strong buy rating.
The average price target for WSP shares stands at C$313.42,reflecting the analysts' outlook over the past year. Recent adjustments to target prices have emerged from several firms. ATB Cormark Capital Markets lowered its target from C$335.00 to C$330.00, maintaining "outperform" rating. Similarly, BMO Capital Markets revised its target down from C$334.00 to C$305.00, while Canaccord Genuity Group adjusted its estimate from C$345.00 to C$315.00,also keeping a "buy" rating.
Stifel Nicolaus made more significant cut,reducing its target from C$320.00 to C$280.00,yet still rated stock as a buy . Desjardins also decreased its price objective from C$375.00 to C$372.00, reaffirming its buy recommendation.
In insider trading news,Director Pascale Sourisse purchased 364 shares on June 24 at an average price of C$172.02 per share, totaling C$62,615.28. This acquisition increased her holdings by 69.47%,bringing her total ownership to 888 shares, valued at approximately C$152,753.76. Currently,insiders own about 0.06% of WSP's stock.
WSP Global's stock opened at C$178.21 on Monday,with a market capitalization of C$24.03 billion. The company has a price-to-earnings ratio of 24.31 and a PEG ratio of 1.09, alongside a beta of 0.20. Over the past year,the stock has fluctuated between a low of C$170.85 and a high of C$291.46. Financial metrics reveal a quick ratio of 1.04,a current ratio of 1.19,and a debt-to-equity ratio of 87.04. The fifty-day moving average is C$198.79, while the 200-day average stands at C$225.94.
WSP Global's latest earnings report,released on May 6, showed earnings per share of C$2.21 for the quarter, with total revenue reaching C$4.55 billion. The company reported return on equity of 10.39% and a net margin of 5.23%. Analysts predict an earnings per share of approximately 9.57 for the current year.
Additionally, WSP Global announced quarterly dividend of $0.375 per share, payable on July 15 to shareholders on record as of that date. The ex-dividend date is set for June 30. This dividend translates to an annualized payout of $1.50, yielding 0.8%, with a payout ratio of 20.46%.
WSP Global Inc. specializes in engineering and design services across various sectors, including Transportation & Infrastructure,Property and Buildings,Environment, Power and Energy,Resources,and Industry . company operates through four segments: Canada,Americas (U.S. and Latin America),EMEIA (Europe,Middle East,India,and Africa), and APAC (Asia Pacific, covering Australia, New Zealand,and Asia).
