South Bow Co. (NYSE:SOBO) Receives Average Recommendation of “Hold” from Analysts

Shares of South Bow Co. (NYSE:SOBO) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.00.

Several research analysts have recently issued reports on SOBO shares. US Capital Advisors upgraded shares of South Bow to a “strong-buy” rating in a report on Monday, October 28th. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th. Tudor Pickering raised South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. TD Securities started coverage on South Bow in a research note on Wednesday, January 15th. They set a “hold” rating on the stock. Finally, Cibc World Mkts upgraded South Bow to a “hold” rating in a research note on Friday, October 11th.

South Bow Price Performance

SOBO stock opened at $24.69 on Friday. The stock’s 50 day simple moving average is $24.07. South Bow has a fifty-two week low of $21.12 and a fifty-two week high of $27.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cibc World Market Inc. purchased a new stake in shares of South Bow during the fourth quarter worth approximately $47,533,000. Jennison Associates LLC acquired a new stake in shares of South Bow in the 4th quarter worth $15,967,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of South Bow in the 4th quarter worth $12,643,000. Miller Howard Investments Inc. NY purchased a new stake in shares of South Bow in the fourth quarter valued at about $10,260,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. purchased a new position in South Bow during the fourth quarter worth about $9,225,000.

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.