TSE:WSP

WSP Global Inc. (WSP.TO)

184.99
+2.53 (1.39%)
as of Sep 15, 2026, 1:55:02 pm Market Open.
410 watching
0
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.
TOP PICK
Free cash flow grew by 68% over the last year. He thinks it is attractively priced. (Analysts’ price target is $82.50)
TOP PICK

As SNC Lavalin has gone down, WSP has gone up. They ahve an $8 billion project backlog. It's cheap with great cash flow. They made 5 good acquisitions this year. A slow, steady grower with a huge backlog. They hit a new high today. (Analysts’ price target is $82.50)

BUY
A former top pick. Good balance sheet with 28% EPS growth into next year. It trades at a decent 18x PE. Overall, it's compelling. A good name that's performed well.
COMMENT

Sold off the construction side? STN-T sold off the construction side of the business, where margins were poorer. They will work to reduce debt going forward, so he is not concerned. He would prefer WSP-T.

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