South Bow Corporation (NYSE:SOBO) Receives Consensus Rating of “Reduce” from Analysts

South Bow Corporation (NYSE:SOBO) has earned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $29.00.

A number of research firms have recently commented on SOBO. Scotiabank restated a “sector perform” rating and issued a $30.00 price objective on shares of South Bow in a research report on Friday, January 16th. Wolfe Research lowered shares of South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 price target for the company. in a report on Wednesday, January 14th. National Bank Financial increased their price objective on shares of South Bow from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Jefferies Financial Group upgraded shares of South Bow from a “hold” rating to a “buy” rating in a research report on Monday, December 15th. Finally, BMO Capital Markets restated a “market perform” rating on shares of South Bow in a research report on Monday, November 17th.

South Bow Price Performance

Shares of South Bow stock opened at $29.83 on Wednesday. The firm has a market cap of $6.21 billion, a PE ratio of 18.76 and a beta of 0.47. South Bow has a twelve month low of $21.16 and a twelve month high of $30.53. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 2.19. The business has a 50-day moving average price of $27.82 and a 200 day moving average price of $27.48.

Institutional Investors Weigh In On South Bow

Large investors have recently modified their holdings of the business. City Holding Co. increased its holdings in shares of South Bow by 277.4% during the 4th quarter. City Holding Co. now owns 1,000 shares of the company’s stock worth $27,000 after buying an additional 735 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in South Bow by 157.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock worth $30,000 after acquiring an additional 645 shares during the last quarter. IFP Advisors Inc increased its stake in South Bow by 780.3% during the third quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $34,000 after acquiring an additional 1,069 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in South Bow by 1,993.8% in 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 period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of South Bow in the 4th quarter valued at $39,000.

About South Bow

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.