South Bow Co. (NYSE:SOBO) Given Consensus Recommendation of "Hold" by Analysts

South Bow Co. (NYSE:SOBO - Get Free Report) has been given an average rating of "Hold" by the thirteen analysts that are currently covering the stock, Marketbeat reports. Two investment 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.25.

A number of research firms have recently commented on SOBO. CIBC downgraded shares of South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research note on Friday, March 7th. Wolfe Research lowered South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. TD Securities started coverage on shares of South Bow in a research note on Wednesday, January 15th. They set a "hold" rating on the stock. Scotiabank upped their target price on South Bow from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a research report on Friday, March 7th.

South Bow Trading Up 0.7 %

Shares of SOBO traded up $0.18 during trading hours on Thursday, reaching $24.91. The company had a trading volume of 282,845 shares, compared to its average volume of 918,295. The firm has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $24.65. The company has a market capitalization of $5.19 billion and a price-to-earnings ratio of 13.46. South Bow has a 12-month low of $21.16 and a 12-month high of $27.60.

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

South Bow Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.50 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 8.03%. South Bow's dividend payout ratio is presently 108.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SOBO. Roxbury Financial LLC acquired a new stake in South Bow in the 4th quarter valued at about $29,000. Wiser Advisor Group LLC acquired a new stake in shares of South Bow in the fourth quarter worth $27,000. Louisbourg Investments Inc. acquired a new stake in shares of South Bow during the first quarter worth approximately $31,000. BNP Paribas Financial Markets purchased a new position in shares of South Bow during the 4th quarter valued at $29,000. Finally, Assetmark Inc. acquired a new position in South Bow in the 4th quarter worth about $33,000.

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.