FY2024 EPS Estimates for South Bow Raised by Atb Cap Markets

South Bow Co. (NYSE:SOBO) – Equities researchers at Atb Cap Markets increased their FY2024 earnings per share (EPS) estimates for South Bow in a research note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $1.88 per share for the year, up from their previous forecast of $1.85. The consensus estimate for South Bow’s current full-year earnings is $1.73 per share. Atb Cap Markets also issued estimates for South Bow’s Q4 2024 earnings at $0.46 EPS.

A number of other analysts have also commented on SOBO. US Capital Advisors raised South Bow to a “strong-buy” rating in a research report on Monday, October 28th. Wells Fargo & Company lowered South Bow from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 18th. TD Securities began coverage on shares of South Bow in a research report on Wednesday, January 15th. They issued a “hold” rating for the company. Tudor Pickering upgraded shares of South Bow to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, CIBC upgraded shares of South Bow from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

South Bow Stock Up 0.3 %

Shares of SOBO stock opened at $24.79 on Monday. South Bow has a fifty-two week low of $21.12 and a fifty-two week high of $27.30. The business has a 50 day simple moving average of $24.05.

Institutional Trading of South Bow

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual Advisors LLC purchased a new stake in South Bow in the fourth quarter valued at approximately $517,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of South Bow during the 4th quarter valued at $6,787,000. Cibc World Market Inc. purchased a new stake in shares of South Bow during the 4th quarter valued at $47,533,000. Exchange Traded Concepts LLC bought a new stake in shares of South Bow during the 4th quarter worth $5,427,000. Finally, apricus wealth LLC purchased a new position in South Bow in the fourth quarter worth $1,404,000.

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.