WSP Global (TSE:WSP) Sets New 12-Month High - Should You Buy?

WSP Global Inc. (TSE:WSP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$258.44 and last traded at C$258.92, with a volume of 57960 shares trading hands. The stock had previously closed at C$255.97.

Wall Street Analyst Weigh In

A number of brokerages have commented on WSP. Canaccord Genuity Group lifted their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. National Bankshares set a C$255.00 price objective on WSP Global and gave the company an "outperform" rating in a report on Monday, August 19th. ATB Capital increased their price objective on WSP Global from C$235.00 to C$250.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Finally, Desjardins increased their price target on WSP Global from C$249.00 to C$257.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, WSP Global has an average rating of "Buy" and an average price target of C$266.82.

WSP Global Price Performance

The company's 50-day moving average price is C$245.92 and its 200-day moving average price is C$228.10. 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$32.20 billion, a price-to-earnings ratio of 54.03, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$2.24. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. On average, equities research analysts forecast that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.58%. WSP Global's dividend payout ratio (DPR) is 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.