This Canadian stock will beat the market, investor says

Velocity Investment’s Brianne Gardner said WSP Global (WSP Global Stock Quote, Chart, News, Analysts, Financials TSX:WSP) offers attractive upside and strong long-term visibility following a recent pullback in the shares, citing the company’s exposure to multi-year infrastructure and utility spending.

Speaking on BNN Bloomberg’s Market Call on Dec. 29, Gardner described WSP as a high-quality global engineering and consulting firm with a durable pipeline of work across infrastructure, power and environmental projects.

“What I really like is the visibility,” she said. “Governments and utilities plan years ahead, which gives WSP a steady pipeline of work even when economic growth slows.”

Gardner said that stability is increasingly evident in WSP’s results, pointing to management’s recent decision to raise its net revenue outlook to roughly $14-billion, which she said reflects strong demand across regions. She added that WSP continues to look for ways to scale strategically, with recent takeover chatter involving Jacobs underscoring the company’s ambition and potential to deepen its U.S. presence.

Analysts have also modestly increased their valuation targets, which Gardner said signals confidence in WSP’s execution and long-term strategy.

“I like WSP as part of our portfolio,” she said. “It’s a high-quality compounder with strong visibility, offering durable exposure to long-cycle infrastructure spending.”

The stock is up 2.09% over the past 12 months and has gained 107.3% over the past five years. Of the analysts covering the company, 12 rate the shares “Buy,” one rates them “Hold,” and none rate them “Sell,” with a consensus price target of $326.92.

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