WSP Global (TSE:WSP) Price Target Raised to C$255.00

WSP Global (TSE:WSP) had its price target hoisted by Raymond James from C$250.00 to C$255.00 in a report issued on Thursday morning, BayStreet.CA reports. They currently have a strong-buy rating on the stock. Raymond James also issued estimates for WSP Global’s Q3 2024 earnings at $2.34 EPS, Q4 2024 earnings at $2.38 EPS, Q3 2025 earnings at $2.79 EPS and FY2025 earnings at $9.60 EPS.

Several other brokerages have also recently commented on WSP. Scotiabank upped their target price on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Royal Bank of Canada upped their target price on WSP Global from C$237.00 to C$245.00 in a report on Friday, May 10th. Canaccord Genuity Group upped their target price on WSP Global from C$235.00 to C$255.00 and gave the company a buy rating in a report on Wednesday, July 31st. Stifel Nicolaus reduced their target price on WSP Global from C$245.00 to C$235.00 in a report on Friday, May 10th. Finally, ATB Capital upped their target price on WSP Global from C$225.00 to C$235.00 and gave the company a sector perform rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$246.92.

WSP Global Stock Performance

TSE:WSP opened at C$219.62 on Thursday. The stock has a market cap of C$27.38 billion, a P/E ratio of 48.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 70.90. The stock’s 50-day moving average is C$214.25 and its 200-day moving average is C$212.70. WSP Global has a 1-year low of C$174.39 and a 1-year high of C$230.98.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping the consensus estimate of C$1.48 by C$0.07. The company had revenue of C$2.79 billion for the quarter, compared to analysts’ expectations of C$2.76 billion. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. Equities research analysts anticipate that WSP Global will post 8.0954598 earnings per share for the current year.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, September 27th. WSP Global’s payout ratio is 33.26%.

Insider Transactions at WSP Global

In other news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. 0.07% of the stock is owned by insiders.

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.