South Bow Corporation (NYSE:SOBO) Given Consensus Recommendation of “Hold” by Analysts

Shares of South Bow Corporation (NYSE:SOBO) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.1429.

Several research firms recently weighed in on SOBO. Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a research note on Monday. TD Securities reaffirmed a “hold” rating on shares of South Bow in a report on Thursday, July 16th. Weiss Ratings upgraded South Bow from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded South Bow from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of South Bow in a report on Monday, July 6th.

South Bow Price Performance

Shares of South Bow stock opened at $36.31 on Wednesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.52 and a quick ratio of 1.44. The company has a market cap of $7.57 billion, a PE ratio of 16.43 and a beta of 0.15. The firm has a fifty day moving average price of $36.60 and a two-hundred day moving average price of $34.19. South Bow has a fifty-two week low of $25.01 and a fifty-two week high of $38.94.

South Bow (NYSE:SOBO) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $546.00 million for the quarter, compared to the consensus estimate of $496.87 million. South Bow had a net margin of 22.99% and a return on equity of 15.84%. Analysts expect that South Bow will post 1.71 EPS for the current year.

South Bow Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 29th. South Bow’s dividend payout ratio (DPR) is 90.50%.

Institutional Investors Weigh In On South Bow

A number of institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in shares of South Bow in the 1st quarter valued at $85,000. Amundi bought a new position in shares of South Bow during the 1st quarter worth about $588,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of South Bow by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,035 shares of the company’s stock valued at $5,079,000 after acquiring an additional 29,542 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of South Bow during the 1st quarter valued at about $885,000. Finally, Geode Capital Management LLC boosted its position in shares of South Bow by 7.5% during the 2nd quarter. Geode Capital Management LLC now owns 172,491 shares of the company’s stock valued at $4,499,000 after acquiring an additional 11,984 shares in the last quarter.

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.