Equities Analysts Lift Earnings Estimates for WSP Global Inc (TSE:WSP)

Equities Analysts Lift Earnings Estimates for WSP Global Inc (TSE:WSP)

WSP Global Inc (TSE:WSP) – Investment analysts at National Bank Financial upped their Q3 2019 earnings per share estimates for shares of WSP Global in a research report issued to clients and investors on Tuesday, May 14th, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $1.31 per share for the quarter, up from their prior forecast of $1.30. National Bank Financial currently has a “Outperform” rating and a $79.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Canaccord Genuity upped their price target on shares of WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. Royal Bank of Canada upped their price target on shares of WSP Global from C$80.00 to C$82.00 and gave the company an “outperform” rating in a report on Friday, March 15th. TD Securities upped their price target on shares of WSP Global from C$75.00 to C$81.00 and gave the company a “buy” rating in a report on Friday, March 15th. CIBC upped their price target on shares of WSP Global from C$77.00 to C$81.00 in a report on Friday, March 15th. Finally, Raymond James reiterated an “outperform” rating and set a C$80.00 price target on shares of WSP Global in a report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$78.72.

Shares of WSP Global stock traded down C$0.50 during trading hours on Thursday, reaching C$71.20. The company’s stock had a trading volume of 138,000 shares, compared to its average volume of 162,325. WSP Global has a one year low of C$56.09 and a one year high of C$75.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 83.05. The company has a market cap of $7.46 billion and a PE ratio of 28.39.

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 firm had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$1.52 billion.

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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