TSE:WSP

WSP Global Inc. (WSP.TO)

186.94
+2.61 (1.42%)
as of Nov 13, 2026, 9:00:00 pm Market Closed.
416 watching
0
TOP PICK

Bought it two years ago. They grow organically as well as through mergers. They made a great acquisition, big in environmental, which closed end-2020. WSP guides growing net revenues past 5% 2022-2024, then continuous margin improvement. Strong balance sheet. Can augment organic growth with new buys. The US infrastructure bill will help their growth in the next two years. Has a global presence, too. (Analysts’ price target is $195.43)

WEAK BUY
Engineering firms help build the infrastructure, but then they leave. He prefers to own the companies that build the assets with the engineers, but then collect the cashflows from the infrastructure project over the next 20-40 years. If he were going to choose one, it would be WSP, with its strong growth and good margin profile relative to competitors.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. 5i expects acquisitions to pick up this year. With more acquisitions, it should spark the stock. The broader market sell off has certainly weighed it down. Continues to like the company in the long run with a strong market position and positive economic outlook. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Feb 19/21, Up 37%) Still likes it, though it has pulled back recently, which makes a buying opportunity. They've made good acquisitions int he past 18 months. End markets--transportation -- will see growth. The infrastrucuture bill will help. Balance sheet still strong despite recent deals.
BUY ON WEAKNESS
Continues to like it. It's doing well. Buy this only on pullbacks at $170. Likes this space and WSP is well-positioned. Strong balance sheet. They have room to make more strategic buys. They grow organically and through M&A.
PAST TOP PICK
(A Top Pick Nov 12/20, Up 105%) Took some profits about a month ago, but remains a core holding. Used their equity issue to make a great acquisition of Golder. All end markets have strong demand. Very strong balance sheet. Expanding geographically. Very well managed.
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.
Showing 121 to 135 of 263 entries