FY2025 EPS Estimates for WSP Global Lifted by Stifel Canada

Key Points

• Stifel Canada raised its FY2025 earnings per share estimate for WSP Global to $9.50, slightly below the current consensus estimate of $9.57.
• Multiple research firms have increased their price targets for WSP Global, with estimates ranging from C$305.00 to C$335.00, and the stock is currently rated as a "Buy" by the majority of analysts.
• Insider selling activity was noted, with notable sales by Alain Michaud and Alexandre L'heureux, indicating a significant decrease in their positions in the company.

WSP Global Inc. (TSE:WSP - Free Report) - Stock analysts at Stifel Canada increased their FY2025 earnings per share estimates for shares of WSP Global in a report released on Sunday, October 5th. Stifel Canada analyst I. Gillies now anticipates that the company will earn $9.50 per share for the year, up from their previous forecast of $9.34. The consensus estimate for WSP Global's current full-year earnings is $9.57 per share. Stifel Canada also issued estimates for WSP Global's FY2026 earnings at $11.05 EPS and FY2027 earnings at $12.14 EPS.

A number of other research firms also recently commented on WSP. Canaccord Genuity Group increased their price objective on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Desjardins increased their price target on shares of WSP Global from C$301.00 to C$313.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets increased their price target on shares of WSP Global from C$312.00 to C$324.00 in a research note on Thursday, August 7th. CIBC increased their target price on shares of WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Finally, ATB Capital increased their target price on shares of WSP Global from C$270.00 to C$305.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$307.23.

WSP Global Stock Performance

Shares of WSP stock opened at C$274.00 on Tuesday. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. WSP Global has a fifty-two week low of C$217.42 and a fifty-two week high of C$291.46. The stock's 50-day moving average is C$280.73 and its two-hundred day moving average is C$269.97. The firm has a market cap of C$35.76 billion, a P/E ratio of 44.70, a PEG ratio of 1.09 and a beta of 0.57.

Insider Activity at WSP Global

In other WSP Global news, insider Alain Michaud sold 6,068 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of C$280.43, for a total value of C$1,701,649.24. Following the sale, the insider owned 6,493 shares of the company's stock, valued at C$1,820,831.99. This trade represents a 48.31% decrease in their position. Also, Director Alexandre L'heureux sold 40,713 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of C$280.54, for a total value of C$11,421,625.02. Following the completion of the sale, the director directly owned 37,809 shares in the company, valued at C$10,606,936.86. This trade represents a 51.85% decrease in their position. In the last three months, insiders have sold 78,781 shares of company stock worth $22,092,534. 0.06% of the stock is owned by insiders.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.