South Bow (NYSE:SOBO) Price Target Raised to $34.00 at Scotiabank

South Bow (NYSE:SOBO) had its price target lifted by Scotiabank from $30.00 to $34.00 in a research note released on Friday,Benzinga reports. They currently have a sector perform rating on the stock.

SOBO has been the subject of several other reports. National Bank Financial lifted their price objective on shares of South Bow from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Jefferies Financial Group upgraded shares of South Bow from a “hold” rating to a “buy” rating in a research note on Monday, December 15th. Morgan Stanley restated an “underweight” rating on shares of South Bow in a research report on Tuesday, December 2nd. Weiss Ratings raised shares of South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of South Bow in a research report on Monday, November 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $29.57.

South Bow Stock Performance

Shares of SOBO stock traded up $0.21 during mid-day trading on Friday, reaching $33.52. The stock had a trading volume of 1,369,865 shares, compared to its average volume of 909,643. South Bow has a 1-year low of $21.16 and a 1-year high of $34.01. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 16.12 and a beta of 0.29. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19. The business’s fifty day moving average is $28.97 and its 200-day moving average is $27.92.

South Bow (NYSE:SOBO) last released its earnings results on Thursday, March 5th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $503.00 million during the quarter, compared to the consensus estimate of $500.57 million. South Bow had a return on equity of 15.69% and a net margin of 21.80%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. On average, research analysts forecast that South Bow will post 1.74 earnings per share for the current year.

South Bow Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 6.0%. South Bow’s dividend payout ratio is presently 125.79%.

Institutional Trading of South Bow

Several institutional investors have recently bought and sold shares of SOBO. Quadrature Capital Ltd acquired a new position in shares of South Bow in the 2nd quarter worth approximately $1,573,000. Westwood Holdings Group Inc. boosted its position in shares of South Bow by 15.0% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,109,346 shares of the company’s stock worth $28,743,000 after purchasing an additional 145,037 shares during the period. Boston Partners increased its holdings in South Bow by 16.4% in the 2nd quarter. Boston Partners now owns 1,507,499 shares of the company’s stock valued at $39,216,000 after purchasing an additional 212,768 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in South Bow in the second quarter valued at approximately $457,000. Finally, Scotia Capital Inc. raised its position in South Bow by 1.7% in the second quarter. Scotia Capital Inc. now owns 1,764,327 shares of the company’s stock valued at $45,472,000 after purchasing an additional 29,390 shares during the period.

More South Bow News

Here are the key news stories impacting South Bow this week:

• Positive Sentiment: Q4 results beat expectations — South Bow reported $0.61 EPS vs. consensus $0.42 and revenue of $503M (up 3.1% YoY); margins and ROE remain healthy. This topline/earnings beat supports the stock’s near-term re-rating. Read More.
• Positive Sentiment: Dividend declared — South Bow announced a $0.50 quarterly dividend (record Mar 31, pay Apr 15) implying ~6.0% yield. A material yield and regular payout make the stock more attractive to income-focused investors. Read More.
• Positive Sentiment: Analyst target nudged up — Scotiabank raised its price target from $30 to $34 (sector perform), a small but favorable signal from the street that underpins modest upside. Read More.
• Positive Sentiment: Revival progress on Keystone XL — South Bow says a North American policy shift toward energy development improves prospects for reviving parts of Keystone XL; the company is seeking binding shipper commitments to restart flows. If secured, this would meaningfully increase capacity and long-term cashflows. Read More. — and related coverage on binding shipper commitments: Read More.
• Neutral Sentiment: Early-stage customer outreach — South Bow is actively gauging shipper/customer interest for a new Alberta‑to‑U.S. pipeline project; this is a business-development step but not yet a closed revenue event. Read More.
• Negative Sentiment: Regulatory and political risk remains — while policy tone is improving, Keystone XL was previously canceled due to political/regulatory hurdles; project revival still depends on securing commitments and navigating approvals, which creates execution risk. Read More.

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.