South Bow Co. (NYSE:SOBO - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.95 and last traded at $22.42, with a volume of 1109400 shares traded. The stock had previously closed at $23.31.
Wall Street Analyst Weigh In
SOBO has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating on shares of South Bow in a research note on Friday, March 7th. Wolfe Research cut South Bow from an "outperform" rating to a "peer perform" rating in a research report on Friday, March 7th. TD Securities assumed coverage on shares of South Bow in a research report on Wednesday, January 15th. They set a "hold" rating for the company. Scotiabank lifted their price target on South Bow from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on South Bow in a research report on Friday, March 28th. They issued a "neutral" rating and a $28.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $26.25.
Check Out Our Latest Report on South Bow
South Bow Price Performance
The stock's 50-day simple moving average is $25.23. The company has a market cap of $4.84 billion and a P/E ratio of 12.57.
South Bow (NYSE:SOBO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 EPS 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 analysts' expectations of $524.87 million. Research analysts forecast that South Bow Co. will post 1.74 EPS for the current fiscal year.
South Bow Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend is Monday, March 31st. South Bow's dividend payout ratio (DPR) is presently 108.11%.
Institutional Investors Weigh In On South Bow
Several large investors have recently made changes to their positions in SOBO. Roxbury Financial LLC purchased a new stake in shares of South Bow during the 4th quarter valued at about $29,000. Wiser Advisor Group LLC bought a new stake in South Bow during the 4th quarter valued at about $27,000. BNP Paribas Financial Markets purchased a new stake in shares of South Bow in the fourth quarter valued at approximately $29,000. Assetmark Inc. purchased a new position in shares of South Bow during the fourth quarter valued at $33,000. Finally, Sit Investment Associates Inc. bought a new stake in shares of South Bow in the fourth quarter valued at about $34,000.
About South Bow
(
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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