South Bow Corporation (NYSE:SOBO) Given Consensus Rating of “Reduce” by Analysts

South Bow Corporation (NYSE:SOBO) has been given an average rating of “Reduce” by the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $31.5714.

SOBO has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of South Bow in a report on Monday, May 11th. Weiss Ratings upgraded South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. National Bank Financial increased their price objective on South Bow from $31.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday. Wall Street Zen downgraded South Bow from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group began coverage on South Bow in a report on Monday, April 20th. They set a “sell” rating and a $29.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. City Holding Co. boosted its position in South Bow by 277.4% during the fourth quarter. City Holding Co. now owns 1,000 shares of the company’s stock valued at $27,000 after purchasing an additional 735 shares during the last quarter. Parallel Advisors LLC boosted its position in South Bow by 140.5% during the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after purchasing an additional 496 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in South Bow by 157.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after purchasing an additional 645 shares during the last quarter. IFP Advisors Inc boosted its position in South Bow by 780.3% during the third quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $34,000 after purchasing an additional 1,069 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in South Bow by 1,993.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock valued at $35,000 after purchasing an additional 1,276 shares during the last quarter.

South Bow Stock Performance

SOBO stock opened at $36.80 on Friday. The business’s fifty day moving average is $34.44 and its 200-day moving average is $30.83. The company has a market cap of $7.68 billion, a P/E ratio of 18.13 and a beta of 0.14. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 2.16. South Bow has a twelve month low of $25.01 and a twelve month high of $38.39.

South Bow (NYSE:SOBO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $491.00 million during the quarter, compared to the consensus estimate of $491.21 million. South Bow had a net margin of 21.32% and a return on equity of 15.24%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. Equities research analysts forecast that South Bow will post 1.75 EPS for the current year.

South Bow Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 5.4%. South Bow’s dividend payout ratio is 98.52%.

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.