South Bow (NYSE:SOBO) Given New $25.00 Price Target at National Bankshares

South Bow (NYSE:SOBO) had its price objective upped by investment analysts at National Bankshares from $24.00 to $25.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target indicates a potential upside of 2.46% from the company’s previous close.

Several other brokerages also recently issued reports on SOBO. Scotiabank raised their price objective on shares of South Bow from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 18th. TD Securities initiated coverage on South Bow in a research report on Wednesday, January 15th. They set a “hold” rating for the company. CIBC lowered South Bow from a “sector outperform” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Friday. Finally, Tudor Pickering raised South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.67.

South Bow Stock Down 0.9 %

NYSE:SOBO traded down $0.23 during midday trading on Friday, hitting $24.40. 478,341 shares of the company were exchanged, compared to its average volume of 724,831. South Bow has a fifty-two week low of $21.12 and a fifty-two week high of $27.60. The firm has a market capitalization of $5.08 billion and a P/E ratio of 13.19. The stock has a fifty day moving average of $24.57.

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

Hedge Funds Weigh In On South Bow

Large investors have recently made changes to their positions in the stock. Mutual Advisors LLC purchased a new position in South Bow in the fourth quarter valued at about $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of South Bow during the 4th quarter worth $6,787,000. Cibc World Market Inc. purchased a new stake in shares of South Bow in the 4th quarter worth about $47,533,000. Meixler Investment Management Ltd. acquired a new stake in South Bow in the 4th quarter valued at about $683,000. Finally, Alberta Investment Management Corp acquired a new position in South Bow during the fourth quarter worth about $3,498,000.

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.