National Bankshares Issues Positive Forecast for South Bow (NYSE:SOBO) Stock Price

South Bow (NYSE:SOBO) had its price target boosted by stock analysts at National Bankshares from $27.00 to $29.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 4.97% from the stock’s current price.

SOBO has been the subject of several other research reports. BMO Capital Markets reiterated a “market perform” rating on shares of South Bow in a report on Monday, November 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of South Bow in a report on Monday. US Capital Advisors cut South Bow from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Scotiabank upped their price objective on South Bow from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of South Bow in a research report on Monday, November 17th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, South Bow presently has a consensus rating of “Hold” and an average target price of $29.50.

South Bow Stock Up 0.8%

SOBO stock traded up $0.23 during mid-day trading on Wednesday, reaching $27.63. The company had a trading volume of 205,275 shares, compared to its average volume of 823,742. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 1.36. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 17.37 and a beta of 0.48. The firm has a fifty day simple moving average of $26.85 and a 200 day simple moving average of $27.00. South Bow has a fifty-two week low of $21.16 and a fifty-two week high of $29.19.

South Bow (NYSE:SOBO) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. South Bow had a return on equity of 15.13% and a net margin of 16.84%.The business had revenue of $461.00 million during the quarter, compared to the consensus estimate of $498.00 million. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. Analysts forecast that South Bow will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On South Bow

Hedge funds have recently made changes to their positions in the business. Aviso Financial Inc. grew its holdings in South Bow by 8.2% during the third quarter. Aviso Financial Inc. now owns 5,200 shares of the company’s stock worth $147,000 after acquiring an additional 394 shares during the period. HighTower Advisors LLC grew its stake in shares of South Bow by 0.4% during the 1st quarter. HighTower Advisors LLC now owns 112,769 shares of the company’s stock worth $2,878,000 after purchasing an additional 451 shares during the period. Quantinno Capital Management LP increased its holdings in shares of South Bow by 4.9% in the 2nd quarter. Quantinno Capital Management LP now owns 10,175 shares of the company’s stock valued at $264,000 after purchasing an additional 478 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of South Bow by 4.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,565 shares of the company’s stock valued at $378,000 after purchasing an additional 616 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 645 shares in the last quarter.

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.