South Bow (NYSE:SOBO – Get Free Report) had its price target upped by equities researchers at Barclays from $33.00 to $34.00 in a report released on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 9.42% from the company’s current price.
A number of other brokerages also recently commented on SOBO. Raymond James Financial reissued an “outperform” rating on shares of South Bow in a research report on Wednesday, October 14th. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Canadian Imperial Bank of Commerce reduced their target price on shares of South Bow from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a research note on Monday, August 10th. Finally, Scotiabank lifted their price target on shares of South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.67.
Check Out Our Latest Analysis on South Bow
South Bow Stock Down 1.7%
SOBO traded down $0.54 on Thursday, hitting $31.07. 571,787 shares of the company were exchanged, compared to its average volume of 764,327. South Bow has a twelve month low of $25.43 and a twelve month high of $39.02. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 13.93 and a beta of 0.17. The company has a current ratio of 1.52, a quick ratio of 1.44 and a debt-to-equity ratio of 2.15. The firm has a 50-day moving average price of $34.96 and a two-hundred day moving average price of $34.53.
South Bow (NYSE:SOBO – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The company had revenue of $503.00 million for the quarter, compared to the consensus estimate of $476.02 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%. On average, equities analysts predict that South Bow will post 1.84 earnings per share for the current year.
Institutional Trading of South Bow
A number of institutional investors have recently bought and sold shares of the business. Thornburg Investment Management Inc. boosted its position in shares of South Bow by 2.4% during the 2nd quarter. Thornburg Investment Management Inc. now owns 3,721,332 shares of the company’s stock worth $130,974,000 after acquiring an additional 88,457 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of South Bow during the 2nd quarter worth about $119,802,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of South Bow during the 2nd quarter worth about $97,830,000. Bank of America Corp DE acquired a new stake in shares of South Bow during the 2nd quarter worth about $97,176,000. Finally, Dimensional Fund Advisors LP lifted its stake in South Bow by 24.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,914,614 shares of the company’s stock worth $97,134,000 after purchasing an additional 565,787 shares during the last quarter.
Trending Headlines about South Bow
Here are the key news stories impacting South Bow this week:
- Positive Sentiment: South Bow earned $0.47 per share, above the $0.43 consensus, and revenue of $503 million exceeded estimates of $476 million. Net income also increased year over year. South Bow Posts Higher Q3 Net Income YoY
- Positive Sentiment: The company raised its full-year cash-flow guidance, a sign of improved expectations for cash generation. South Bow Beats Q3 2026 Estimates and Raises Full-Year Cash Flow Guidance
- Positive Sentiment: South Bow declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annualized. The payout may appeal to income-focused investors. South Bow Reports Third-quarter 2026 Results, Provides 2027 Outlook, and Declares Dividend
- Neutral Sentiment: CIBC and Scotiabank maintained Hold ratings, signaling neither a strong bullish nor bearish change in their views. CIBC Keeps Their Hold Rating on South Bow Corp Scotiabank Sticks to Their Hold Rating for South Bow Corp
- Negative Sentiment: Barclays raised its price target from $33 to $34 but retained an Underweight rating. That cautious stance, alongside the two Hold ratings, could temper the positive reaction to the earnings beat.
South Bow Company Profile
South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.
South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.
South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.
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