JPMorgan Chase & Co. started coverage on shares of South Bow (NYSE:SOBO - Get Free Report) in a research note issued on Friday, Marketbeat reports. The firm set a "neutral" rating and a $28.00 price target on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 9.27% from the company's current price.
SOBO has been the topic of several other research reports. Wolfe Research lowered South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. TD Securities initiated coverage on shares of South Bow in a report on Wednesday, January 15th. They issued a "hold" rating for the company. Wells Fargo & Company downgraded South Bow from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 18th. National Bankshares raised their price target on South Bow from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Finally, Scotiabank increased their target price on South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $26.25.
Get Our Latest Analysis on South Bow
South Bow Trading Up 0.4 %
SOBO stock traded up $0.11 during midday trading on Friday, reaching $25.63. The stock had a trading volume of 459,545 shares, compared to its average volume of 877,059. The company has a market capitalization of $5.33 billion and a price-to-earnings ratio of 13.85. South Bow has a twelve month low of $21.98 and a twelve month high of $27.60. The business's fifty day moving average price is $25.34.
South Bow (NYSE:SOBO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The business had revenue of $488.00 million during the quarter, compared to analyst estimates of $524.87 million. Equities analysts anticipate that South Bow will post 1.74 EPS for the current year.
Hedge Funds Weigh In On South Bow
Large investors have recently modified their holdings of the business. Chelsea Counsel Co. acquired a new stake in shares of South Bow in the fourth quarter valued at about $208,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of South Bow during the 4th quarter worth approximately $689,000. Polar Asset Management Partners Inc. acquired a new stake in shares of South Bow in the 4th quarter valued at approximately $590,000. Mackenzie Financial Corp bought a new position in shares of South Bow in the fourth quarter valued at $26,826,000. Finally, Centerstone Investors LLC acquired a new position in South Bow during the fourth quarter worth $1,426,000.
About South Bow
(
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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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