Atb Cap Markets Forecasts Stronger Earnings for South Bow

South Bow Co. (NYSE:SOBO - Free Report) - Analysts at Atb Cap Markets boosted their FY2024 EPS estimates for shares of South Bow in a research report issued to clients and investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $1.88 per share for the year, up from their previous forecast of $1.85. The consensus estimate for South Bow's current full-year earnings is $1.73 per share. Atb Cap Markets also issued estimates for South Bow's Q4 2024 earnings at $0.46 EPS.

Other research analysts also recently issued research reports about the stock. US Capital Advisors raised shares of South Bow to a "strong-buy" rating in a research note on Monday, October 28th. Morgan Stanley initiated coverage on shares of South Bow in a research report on Friday, October 25th. They set an "underweight" rating for the company. Scotiabank upped their price target on South Bow from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Thursday. Tudor Pickering upgraded South Bow to a "strong-buy" rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company lowered South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.50.

South Bow Trading Up 0.6 %

SOBO stock traded up $0.14 during trading on Monday, hitting $25.11. The stock had a trading volume of 380,267 shares, compared to its average volume of 712,023. The company has a 50 day moving average price of $24.04. South Bow has a 1-year low of $21.12 and a 1-year high of $27.30.

Institutional Investors Weigh In On South Bow

Institutional investors have recently made changes to their positions in the company. Mutual Advisors LLC acquired a new position in shares of South Bow during the fourth quarter worth approximately $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in South Bow in the fourth quarter valued at $6,787,000. Cibc World Market Inc. bought a new stake in shares of South Bow during the fourth quarter worth $47,533,000. Exchange Traded Concepts LLC bought a new stake in shares of South Bow during the fourth quarter worth $5,427,000. Finally, apricus wealth LLC bought a new stake in shares of South Bow during the fourth quarter worth $1,404,000.

About South Bow

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.