WSP Global (TSE:WSP) Stock Price Expected to Rise, Raymond James Analyst Says

WSP Global (TSE:WSP) had its price objective raised by Raymond James from C$270.00 to C$310.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

WSP has been the topic of several other research reports. Stifel Nicolaus raised their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. CIBC boosted their price objective on shares of WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. Scotiabank raised WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$271.91.

WSP Global Price Performance

TSE WSP opened at C$252.14 on Thursday. WSP Global has a 1 year low of C$196.00 and a 1 year high of C$262.00. The company has a fifty day simple moving average of C$249.84 and a 200 day simple moving average of C$238.82. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The company has a market cap of C$31.44 billion, a P/E ratio of 52.75, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last released 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. The company had revenue of C$3 billion during the quarter, compared to analysts’ expectations of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, sell-side analysts predict that WSP Global will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.59%. WSP Global’s dividend 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.