TSE:WSP

WSP Global Inc. (WSP.TO)

169.67
-2.32 (1.35%)
as of Oct 5, 2026, 2:49:19 pm Market Open.
413 watching
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COMMENT
STN-T vs. WSP-T. STN-T is a name he holds since 2015. It went through a consolidation phase and then has done quite well. They are making inroads into the environmental space. STN-T would be his preference.
COMMENT
Both companies are fine. If you want to play the infrastructure bill, then he would look at PAVE instead of WSP or STN. PAVE is a good way to play on a diversified basis.
PARTIAL BUY
She likes their near- and long-term prospects. WSP shares have done well in the past year. They made key acquisitions in the environmental space. Good balance sheet and strong ESG score. She trimmed her position in recent months, but she still likes this. It's a well-run company in a good business.
WEAK BUY
Solid price momentum. PE is around 45x, so it's not cheap. They beat their recent quarter. Okay payout ratio and stable share price.
HOLD
SNC is starting to get their house in order, winding down all construction projects to focus on design and services. SNC trades at a discount, but she wants more consistent execution before she invests. She owns WSP instead.
COMMENT

All infrastructure stocks will do well. He's been looking at WSP. He prefers the valuation of Stantec, though. WSP is well run, but the PE is anticipating projects coming in sooner than likely to happen. Governments have delayed infrastructure projects in the past, so keep that in mind. If you own this, hold on. This will be fine long term.

PAST TOP PICK
(A Top Pick Jul 16/20, Up 80%) Won't buy it at the current $150. Happy to hold it. They grow organically and by acquisition. They bought a leading environmental consulting firm in December which is going well. WSP is in infrastructure, an attractive space due to government spending (i.e. US). The balance sheet remains strong. They will continue to buy companies with geographic diversity.
HOLD

Engineering companies have tailwinds of government and infrastructure spending. He prefers SNC and especially NOA, which has a good backlog and a low valuation.

PAST TOP PICK
(A Top Pick Jun 24/20, Up 76%) Recent acquisition going well. Strong balance sheet. Grows through acquisition and organically. She'd commit new money in the $130 area. Will do well, especially with the US infrastructure bill.
BUY ON WEAKNESS
It reported a strong quarter last week, and they just completed an acquisition. The stock popped 9% on that quarter. She likes this long-term. Buy below $130. It's well-positioned in engineering and design.
TOP PICK
Have been adding to it since last June. Grows by acquisitions and organic growth. Global in nature. Latest acquisition was in environmental design and consulting firm which will have good growth. The balance sheet remains solid and allows for more acquisitions. Half of the business is in infrastructure and could benefit from Biden's infrastructure plan. (Analysts’ price target is $130.38)
BUY
It trades at a premium, but there's a reason for that. Good track record, recent acquisition will lead to growth opportunities, leveraged to environmental services that will be a tailwind for the next decade.
BUY
Their recent acquisition positions them as a leading environmental consulting firm. Right now, it is trading at 27x 2022 earnings. However, they are modelling 33% EPS growth. On a price to growth basis, it is a compelling name. You can still enter at these levels.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their latest acquisition was viewed positively by investors. The GIC backing and ESG shift is also positive. A good long term hold. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A global economic recovery stock. More expensive than others in the sector but it is larger with a global presence. It is more diversified. Unlock Premium - Try 5i Free

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