WSP Global (WSP) Raised to “Outperform” at AltaCorp Capital

WSP Global (TSE:WSP) was upgraded by stock analysts at AltaCorp Capital from a “sector perform” rating to an “outperform” rating in a report issued on Tuesday, Zacks.com reports.

Other analysts have also recently issued research reports about the company. TD Securities lifted their price objective on WSP Global from C$81.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday. National Bank Financial cut WSP Global from an “outperform” rating to a “sector perform” rating and set a C$75.00 price objective for the company. in a research report on Tuesday, April 9th. Raymond James reissued an “outperform” rating and set a C$80.00 price objective on shares of WSP Global in a research report on Wednesday. CIBC lifted their price objective on WSP Global from C$77.00 to C$81.00 in a research report on Friday, March 15th. Finally, Laurentian lifted their price objective on WSP Global from C$81.00 to C$82.50 in a research report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$78.72.

WSP traded up C$0.69 during trading on Tuesday, reaching C$73.35. 7,542 shares of the stock traded hands, compared to its average volume of 157,649. The stock has a market cap of $7.59 billion and a price-to-earnings ratio of 30.82. WSP Global has a fifty-two week low of C$56.09 and a fifty-two week high of C$75.42. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 46.77.

WSP Global (TSE:WSP) last released its quarterly earnings data on Thursday, March 14th. The company reported C$0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.87 by C($0.30). The company had revenue of C$1.54 billion during the quarter, compared to analysts’ expectations of C$1.52 billion. As a group, sell-side analysts forecast that WSP Global will post 4.16999976899487 earnings per share for the current fiscal year.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.

Featured Story: Price-Sales Ratio

Analyst Recommendations for WSP Global (TSE:WSP)

Receive News & Ratings for WSP Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WSP Global and related companies with MarketBeat.com's FREE daily email newsletter.