WSP Global (WSP) Upgraded to “Outperform” by National Bank Financial

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National Bank Financial upgraded shares of WSP Global (TSE:WSP) from a sector perform rating to an outperform rating in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has C$79.00 price target on the stock, up from their previous price target of C$75.00. National Bank Financial also issued estimates for WSP Global’s Q2 2019 earnings at $0.94 EPS, Q3 2019 earnings at $1.31 EPS and FY2019 earnings at $3.88 EPS.

A number of other analysts have also weighed in on WSP. CIBC upgraded WSP Global from a neutral rating to an outperform rating and upped their target price for the stock from C$70.00 to C$75.00 in a report on Tuesday, January 15th. BMO Capital Markets reduced their price target on WSP Global from C$74.00 to C$72.00 and set a market perform rating on the stock in a research report on Thursday, January 31st. Laurentian upped their price target on WSP Global from C$81.00 to C$82.50 in a research report on Thursday, January 31st. Desjardins raised WSP Global from a hold rating to a buy rating in a research report on Thursday, January 31st. Finally, TD Securities upped their price target on WSP Global from C$75.00 to C$81.00 and gave the stock a buy rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. WSP Global currently has an average rating of Buy and an average target price of C$78.72.

WSP Global stock opened at C$73.79 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 46.77. The firm has a market cap of $7.69 billion and a price-to-earnings ratio of 31.00. WSP Global has a twelve month low of C$56.09 and a twelve month high of C$75.42.

WSP Global (TSE:WSP) last posted its earnings results on Thursday, March 14th. The company reported C$0.57 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.30). The business had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$1.52 billion. Analysts anticipate that WSP Global will post 4.16999976899487 earnings per share for the current fiscal year.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

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Analyst Recommendations for WSP Global (TSE:WSP)

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