TSE:WSP

WSP Global Inc. (WSP.TO)

168.44
-3.55 (2.06%)
as of Oct 5, 2026, 6:01:14 pm Market Open.
413 watching
0
TOP PICK
Global design and engineering. Organic and acquisition growth. Lots of dry powder to put to work for M&As. Well positioned in transportation infrastructure in the US, a natural beneficiary of government stimulus. Yield is 1.69%. (Analysts’ price target is $99.15)
PAST TOP PICK
(A Top Pick Sep 30/19, Up 16%) There is still good opportunities in the engineering consulting side. There is potential large spending in infrastructure. The model average return is 26%.
TOP PICK

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock has performed well and analysts continue to like it. They pay a modest 1.7% dividend. Earnings and balance sheets remain positive. They may potentially benefit from government infrastructure spending programs. Unlock Premium - Try 5i Free

TOP PICK
Pure engineering and design, no construction. All but 16% of revenues are outside of Canada. Grows organically and by acquisition. Very strong balance sheet, which was fortified by an equity issue a month ago. Transportation infrastructure is over 50% of their revenue, which will benefit from government stimulus. Yield is 1.77%. (Analysts’ price target is $97.23)
TOP PICK
A global design and engineering company. They have grown by acquisition to increase their global presence. Canada only represents about 16% of their revenues. The company is well positioned for consolidation going forward in this sector. They just issued equity to fund future M&A activity. Yield 1.81% (Analysts’ price target is $96.92)
COMMENT

In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.

HOLD
A great stock, but he's only looked at closely last year. It trades at a premium to its peers, but it executes on growth by acquiring new companies. No reason to sell it. Just hang onto it. This growth by acquisition story can keep running. Keep riding it.
BUY

It is a higher quality company than SNC-T. There is a lot of demand for their services. He prefers it over SNC-T.

HOLD
He owns this and has recommended it in the past. There are rumours there may be a large merger coming for them. He will continue to hold it from here. They have historically taken mergers in the past and tucked them in an accreative way.
COMMENT

BIP.UN vs. WSP They're different businesses. WSP is a consolidation play on the engineering side and have done a great job growing and consolidating that space. But he prefers BIP, though he expects WSP to continue to do well. BIP is more stable.

WAIT
One of the companies that's done very very well in construction and engineering services business. Doesn't own it. Would wait for a pullback.
BUY ON WEAKNESS
Awesome chart. It started a new cycle early this year. It's moved up since early-September. He expects it to pullback to $78-80, so wait for that. Overall, he expects a wide market correction. Take some money off the table, or else hold for the next few years.
PARTIAL SELL
An infrastructure darling. It's doing very well. A pro-cyclical that has done very well in the past. Unfortunately, there hasn't been much government infrastructure spending. Take some profits. Valuation is getting stretched.
DON'T BUY

Sell Rogers to buy WSP? They're completely different companies and sectors. WSP grows by acquisition. Rogers isn't allocating capital wealth well, which has driven their valuation to an 8-year low. Conversely, this makes Rogers attractive. It's probably oversold. Don't sell. WSP: the valuation is too high as they've bought three companies recently, so he won't buy it now.

COMMENT
Why has it dipped lately? Not sure. Could be a wider market sell-off or profit-taking. WSP is the best in this space. The stock has done quite well. Maybe buy it on weakness.
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