WSP Global Stock Gets Increased EPS Estimate from Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for WSP Global to $12.91 from $12.77 and maintained a “Sector Outperform” rating with a $281 price target.
• Analysts remain broadly bullish: WSP has a consensus “Buy” rating and a consensus price target of C$289.62, despite several firms recently lowering their targets.
• WSP shares opened at C$183.79, near their 50-day moving average of C$179.38 and below the 200-day average of C$188.00; the stock’s 52-week range is C$156.64 to C$284.99.

WSP Global Inc. (TSE:WSP - Free Report) - Equities researchers at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of WSP Global in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $12.91 for the year, up from their previous estimate of $12.77. Scotiabank has a "Sector Outperform" rating and a $281.00 price target on the stock. The consensus estimate for WSP Global's current full-year earnings is $9.57 per share.

WSP has been the subject of a number of other reports. BMO Capital Markets dropped their price target on WSP Global from C$280.00 to C$275.00 and set an "outperform" rating for the company in a research note on Wednesday, September 30th. TD decreased their price objective on WSP Global from C$307.00 to C$255.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Scotia decreased their price objective on WSP Global from C$281.00 to C$279.00 and set a "sector outperform" rating on the stock in a report on Monday, August 10th. Stifel Nicolaus lowered their target price on WSP Global from C$280.00 to C$230.00 and set a "buy" rating for the company in a research report on Wednesday, September 30th. Finally, National Bank Financial cut their target price on shares of WSP Global from C$219.00 to C$216.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$289.62.

WSP Global Price Performance

Shares of WSP stock opened at C$183.79 on Monday. The stock has a market cap of C$24.78 billion, a P/E ratio of 26.22, a PEG ratio of 1.09 and a beta of 0.40. WSP Global has a 52 week low of C$156.64 and a 52 week high of C$284.99. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47. The company's fifty day simple moving average is C$179.38 and its two-hundred day simple moving average is C$188.00.

WSP Global (TSE:WSP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 earnings per share (EPS) for the quarter. The business had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).

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