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
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

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)
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