South Bow (NYSE:SOBO) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. started coverage on shares of South Bow (NYSE:SOBO) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set a “neutral” rating and a $28.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 7.61% from the company’s previous close.

A number of other research firms also recently issued reports on SOBO. Wolfe Research downgraded shares of South Bow from an “outperform” rating to a “peer perform” rating in a report on Friday, March 7th. National Bankshares upped their price objective on South Bow from $24.00 to $25.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. TD Securities started coverage on South Bow in a research report on Wednesday, January 15th. They issued a “hold” rating for the company. Scotiabank boosted their target price on South Bow from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th. Finally, CIBC downgraded South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, South Bow currently has a consensus rating of “Hold” and a consensus target price of $26.25.

South Bow Price Performance

Shares of SOBO opened at $26.02 on Friday. The company has a market cap of $5.41 billion and a price-to-earnings ratio of 14.06. South Bow has a 52 week low of $21.98 and a 52 week high of $27.60. The business’s 50 day moving average is $25.27.

South Bow (NYSE:SOBO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $488.00 million during the quarter, compared to analysts’ expectations of $524.87 million. On average, analysts expect that South Bow will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On South Bow

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wiser Advisor Group LLC purchased a new stake in South Bow in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new stake in shares of South Bow during the 4th quarter worth $29,000. BNP Paribas Financial Markets bought a new stake in shares of South Bow during the 4th quarter worth $29,000. Assetmark Inc. purchased a new position in South Bow in the fourth quarter worth $33,000. Finally, Rhumbline Advisers purchased a new stake in South Bow during the fourth quarter valued at about $34,000.

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.