01:33 PM EDT, 10/24/2024 (MT Newswires) -- National Bank is maintaining its Sector Perform rating on CPKC shares following third quarter results and also raised its one year target by $2, to $119.

"We continue to be highly positive on CPKC's growth prospects (a view reinforced with the updated volume guidance) and we believe CPKC deserves a premium multiple, but the stock is trading at 21.1x our updated 2025 EPS forecast versus the U.S. peer average at 18.3x. Valuation is also already baking in sizable growth (consensus is for ~18% EPS growth in 2025 for CPKC)," analyst Cameron Doerksen notes.

Price: 109.18, Change: +0.11, Percent Change: +0.10