Analysts Set South Bow Co. (NYSE:SOBO) PT at $26.25

South Bow Co. (NYSE:SOBO - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.60.

SOBO has been the subject of several research reports. Wolfe Research lowered South Bow from an "outperform" rating to a "peer perform" rating in a research note on Friday, March 7th. Scotiabank upped 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of South Bow in a research note on Monday, May 19th. CIBC lowered South Bow from a "sector outperform" rating to a "neutral" rating and set a $25.00 target price for the company. in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. initiated coverage on South Bow in a research note on Friday, March 28th. They issued a "neutral" rating and a $28.00 target price for the company.

South Bow Trading Up 2.8%

Shares of SOBO traded up $0.73 during trading hours on Monday, reaching $26.67. 856,229 shares of the company's stock traded hands, compared to its average volume of 871,325. The stock has a market cap of $5.55 billion and a PE ratio of 14.41. The firm's 50 day simple moving average is $25.01 and its 200-day simple moving average is $24.82. South Bow has a 12 month low of $21.16 and a 12 month high of $27.60.

South Bow (NYSE:SOBO - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The firm had revenue of $498.00 million during the quarter, compared to analysts' expectations of $527.00 million. The firm's quarterly revenue was down 8.5% compared to the same quarter last year. As a group, analysts expect that South Bow will post 1.74 earnings per share for the current fiscal year.

South Bow Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Monday, June 30th. South Bow's dividend payout ratio (DPR) is presently 108.11%.

Institutional Trading of South Bow

A number of institutional investors have recently made changes to their positions in SOBO. Wiser Advisor Group LLC purchased a new stake in shares of South Bow during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new position in shares of South Bow during the fourth quarter valued at approximately $29,000. BNP Paribas Financial Markets bought a new position in shares of South Bow during the fourth quarter valued at approximately $29,000. Louisbourg Investments Inc. bought a new position in shares of South Bow during the first quarter valued at approximately $31,000. Finally, Assetmark Inc. bought a new position in shares of South Bow during the fourth quarter valued at approximately $33,000.

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.