South Bow (NYSE:SOBO - Free Report) had its target price lifted by National Bankshares from $25.00 to $26.00 in a research note published on Friday morning,BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.
Other research analysts have also issued reports about the company. Royal Bank Of Canada restated an "outperform" rating on shares of South Bow in a research report on Friday. CIBC raised their price target on South Bow from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $29.00.
Read Our Latest Stock Analysis on South Bow
South Bow Trading Up 0.9%
SOBO traded up $0.24 during mid-day trading on Friday, reaching $27.66. The stock had a trading volume of 35,027 shares, compared to its average volume of 843,929. The stock has a market capitalization of $5.76 billion and a P/E ratio of 14.95. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.20 and a current ratio of 1.28. The firm's fifty day simple moving average is $26.45 and its two-hundred day simple moving average is $25.62. South Bow has a 52 week low of $21.12 and a 52 week high of $28.22.
South Bow (NYSE:SOBO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $524.00 million during the quarter, compared to the consensus estimate of $449.00 million. On average, equities analysts predict that South Bow will post 1.74 EPS for the current year.
South Bow Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 29th. South Bow's dividend payout ratio (DPR) is presently 108.11%.
Institutional Trading of South Bow
Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of South Bow in the fourth quarter valued at about $29,000. Louisbourg Investments Inc. bought a new stake in shares of South Bow in the first quarter valued at about $31,000. Tower Research Capital LLC TRC bought a new stake in shares of South Bow in the fourth quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of South Bow by 150.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 1,550 shares of the company's stock valued at $40,000 after purchasing an additional 930 shares in the last quarter.
South Bow Company Profile
(
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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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