Analysts Set South Bow Co. (NYSE:SOBO) Target Price at $26.25

South Bow Co. (NYSE:SOBO - Get Free Report) has been given a consensus rating of "Hold" by the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.25.

A number of research analysts have recently weighed in on SOBO shares. JPMorgan Chase & Co. initiated coverage on South Bow in a research report on Friday, March 28th. They set a "neutral" rating and a $28.00 price objective for the company. Wolfe Research downgraded South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. Wells Fargo & Company downgraded South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a report on Friday, March 7th. Finally, National Bankshares upped their price target on shares of South Bow from $24.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, March 7th.

South Bow Stock Down 1.1 %

NYSE SOBO traded down $0.28 during trading hours on Friday, reaching $25.58. The company's stock had a trading volume of 452,578 shares, compared to its average volume of 882,532. South Bow has a 1 year low of $21.12 and a 1 year high of $27.60. The stock has a market cap of $5.32 billion and a P/E ratio of 13.83. The business's 50-day moving average is $25.38.

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South Bow (NYSE:SOBO - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. The company had revenue of $488.00 million during the quarter, compared to analysts' expectations of $524.87 million. Sell-side analysts anticipate that South Bow will post 1.74 EPS for the current fiscal year.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.82%. South Bow's dividend payout ratio is presently 108.11%.

Institutional Trading of South Bow

Institutional investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in shares of South Bow in the fourth quarter worth approximately $208,000. B. Riley Wealth Advisors Inc. purchased a new stake in South Bow in the fourth quarter worth $689,000. Polar Asset Management Partners Inc. bought a new stake in shares of South Bow during the fourth quarter worth $590,000. Mackenzie Financial Corp purchased a new stake in shares of South Bow during the fourth quarter valued at $26,826,000. Finally, Centerstone Investors LLC bought a new position in shares of South Bow in the fourth quarter worth about $1,426,000.

South Bow Company Profile

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.