
TSE:WSP
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
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.
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)