South Bow (NYSE:SOBO - Get Free Report) was downgraded by stock analysts at CIBC from a "sector outperform" rating to a "neutral" rating in a research report issued on Friday, MarketBeat reports. They presently have a $25.00 price target on the stock. CIBC's price target would indicate a potential downside of 1.07% from the company's previous close.
Several other research firms have also recently weighed in on SOBO. Scotiabank boosted their price objective on South Bow from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Wolfe Research cut South Bow from an "outperform" rating to a "peer perform" rating in a research report on Friday. Wells Fargo & Company lowered shares of South Bow from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 18th. TD Securities started coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a "hold" rating for the company. Finally, Tudor Pickering upgraded shares of South Bow to a "strong-buy" rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, South Bow currently has a consensus rating of "Hold" and an average target price of $25.67.
View Our Latest Stock Report on South Bow
South Bow Stock Up 1.7 %
SOBO stock traded up $0.41 during midday trading on Friday, hitting $25.27. 1,398,336 shares of the company traded hands, compared to its average volume of 779,029. South Bow has a twelve month low of $21.12 and a twelve month high of $27.60. The company has a market cap of $5.26 billion and a PE ratio of 13.66. The firm's 50 day simple moving average is $24.60.
South Bow (NYSE:SOBO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $488.00 million during the quarter, compared to analyst estimates of $524.87 million. Research analysts anticipate that South Bow will post 1.74 earnings per share for the current fiscal year.
Institutional Trading of South Bow
Several institutional investors have recently made changes to their positions in SOBO. Hennessy Advisors Inc. bought a new position in shares of South Bow during the 4th quarter worth approximately $276,000. Nexus Investment Management ULC bought a new position in shares of South Bow during the fourth quarter valued at $2,810,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of South Bow in the 4th quarter valued at $213,000. Viking Fund Management LLC bought a new stake in shares of South Bow in the 4th quarter worth about $740,000. Finally, Mutual Advisors LLC acquired a new stake in shares of South Bow during the 4th quarter worth about $517,000.
South Bow Company Profile
(
Get Free Report)
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.
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