WSP Global (WSP) Upgraded by AltaCorp Capital to “Outperform”

WSP Global (TSE:WSP) was upgraded by analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday, Zacks.com reports.

WSP has been the topic of several other research reports. CIBC raised WSP Global from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$70.00 to C$75.00 in a research report on Tuesday, January 15th. Canaccord Genuity boosted their price objective on WSP Global from C$70.00 to C$72.00 in a research report on Friday, March 15th. Royal Bank of Canada boosted their price objective on WSP Global from C$80.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Desjardins raised WSP Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Finally, TD Securities boosted their price objective 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 assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$78.72.

Shares of TSE:WSP opened at C$72.66 on Tuesday. The company has a market cap of $7.30 billion and a P/E ratio of 30.53. The company has a debt-to-equity ratio of 46.77, a quick ratio of 1.20 and a current ratio of 1.24. WSP Global has a 12-month low of C$56.09 and a 12-month high of C$75.42.

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

About WSP Global

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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