South Bow Corporation (NYSE:SOBO) Receives Consensus Rating of “Hold” from Analysts

South Bow Corporation (NYSE:SOBO) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $29.00.

A number of research analysts recently issued reports on the stock. Wolfe Research downgraded shares of South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 price target for the company. in a research note on Wednesday, January 14th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a research report on Monday, November 17th. National Bank Financial increased their target price on South Bow from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Morgan Stanley restated an “underweight” rating on shares of South Bow in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group upgraded South Bow from a “hold” rating to a “buy” rating in a report on Monday, December 15th.

South Bow Stock Up 2.0%

South Bow stock opened at $31.28 on Wednesday. The firm has a market capitalization of $6.51 billion, a P/E ratio of 19.67 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19. South Bow has a twelve month low of $21.16 and a twelve month high of $31.54. The stock’s fifty day simple moving average is $28.02 and its 200-day simple moving average is $27.57.

Institutional Trading of South Bow

Several institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of South Bow in the 1st quarter valued at $85,000. Amundi acquired a new position in South Bow in the first quarter valued at $588,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of South Bow by 17.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,035 shares of the company’s stock worth $5,079,000 after purchasing an additional 29,542 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of South Bow in the 1st quarter valued at about $885,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of South Bow by 4.4% in the 2nd 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.

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.