WSP Global (OTCMKTS:WSPOF) Shares Gap Up – Time to Buy?

WSP Global Inc. (OTCMKTS:WSPOF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $122.7580, but opened at $141.6320. WSP Global shares last traded at $127.44, with a volume of 261 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WSPOF shares. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, WSP Global currently has an average rating of “Buy”.

WSP Global Stock Performance

The firm has a market cap of $17.37 billion and a price-to-earnings ratio of 80.03. The stock’s 50 day moving average is $126.59 and its 200 day moving average is $152.98. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.81.

WSP Global (OTCMKTS:WSPOF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.13. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.65 billion. WSP Global had a net margin of 5.46% and a return on equity of 12.01%.

WSP Global Company Profile

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.