National Bank Financial Weighs in on WSP Global Inc’s Q3 2019 Earnings (WSP)

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WSP Global Inc (TSE:WSP) – Research analysts at National Bank Financial boosted their Q3 2019 earnings per share (EPS) estimates for shares of WSP Global in a note issued to investors on Tuesday, May 14th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $1.31 per share for the quarter, up from their prior forecast of $1.30. National Bank Financial currently has a “Outperform” rating and a $79.00 price objective on the stock.

Several other equities analysts also recently weighed in on WSP. TD Securities lifted their target price on WSP Global from C$81.00 to C$84.00 and gave the company a “buy” rating in a research report on Wednesday. AltaCorp Capital upgraded WSP Global from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. Raymond James reissued an “outperform” rating and set a C$80.00 price target on shares of WSP Global in a report on Wednesday. Canaccord Genuity raised their price target on WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. Finally, Royal Bank of Canada raised their price target on WSP Global from C$80.00 to C$82.00 and gave the company an “outperform” rating in a report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$78.72.

TSE WSP opened at C$73.46 on Thursday. The firm has a market cap of $7.59 billion and a P/E ratio of 30.87. 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 has a fifty-two week low of C$56.09 and a fifty-two week high of C$75.42.

WSP Global (TSE:WSP) last released its earnings results on Thursday, March 14th. The company reported C$0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.87 by C($0.30). The company had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$1.52 billion.

WSP Global Company Profile

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.

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