Q3 2017 EPS Estimates for WSP Global Inc Lowered by National Bank Financial (WSP)
WSP Global Inc (TSE:WSP) – Equities researchers at National Bank Financial lowered their Q3 2017 earnings estimates for shares of WSP Global in a research note issued to investors on Sunday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.81 for the quarter, down from their previous forecast of $0.88. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for WSP Global’s FY2017 earnings at $2.55 EPS.
WSP has been the topic of several other research reports. Scotiabank upped their target price on WSP Global from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a report on Tuesday, August 15th. Raymond James Financial, Inc. upped their target price on WSP Global from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. TD Securities upped their target price on WSP Global from C$58.00 to C$59.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. CIBC upped their target price on WSP Global from C$51.00 to C$54.00 in a report on Monday, July 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$64.00 target price on shares of WSP Global in a report on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$56.71.
Shares of WSP Global (TSE:WSP) opened at 54.70 on Tuesday. The stock has a market capitalization of $5.62 billion and a P/E ratio of 24.35. The company has a 50-day moving average price of $52.12 and a 200 day moving average price of $51.07. WSP Global has a 52 week low of $40.57 and a 52 week high of $55.85.
In related news, Director Louis-Philippe Carrière bought 600 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average price of C$50.18 per share, for a total transaction of C$30,108.00. Also, Director Suzanne Rancourt bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of C$50.00 per share, for a total transaction of C$50,000.00.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Saturday, September 30th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.50 annualized dividend and a yield of 2.74%.
About WSP Global
Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.
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