WSP Global (OTCMKTS:WSPOF) Shares Gap Down – What’s Next?

WSP Global Inc. (OTCMKTS:WSPOF) shares gapped down prior to trading on Friday. The stock had previously closed at $142.31, but opened at $125.59. WSP Global shares last traded at $130.43, with a volume of 133 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of WSP Global in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of WSP Global in a research report on Monday, August 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a report on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

WSP Global Stock Down 2.8%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day simple moving average is $127.31 and its two-hundred day simple moving average is $145.04. The company has a market capitalization of $17.76 billion and a price-to-earnings ratio of 35.70.

WSP Global (OTCMKTS:WSPOF) last posted its earnings results on Wednesday, November 4th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.24 by $0.05. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.96 billion. WSP Global had a return on equity of 13.52% and a net margin of 5.72%.

WSP Global Company Profile

WSP Global Inc is a Canada-based professional services and consulting company that provides engineering, advisory, and project delivery services to public- and private-sector clients. Its work supports the planning, design, and management of complex projects across the built and natural environments.

The company’s activities include transportation and infrastructure consulting, engineering and design for buildings, environmental and climate services, energy and resources consulting, and project and program management.