Scotiabank Forecasts Strong Price Appreciation for South Bow (NYSE:SOBO) Stock

South Bow (NYSE:SOBO) had its price target hoisted by analysts at Scotiabank from $30.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 1.43% from the stock’s current price.

SOBO has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of South Bow in a report on Monday, November 17th. Wolfe Research lowered 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 report on Wednesday, January 14th. Weiss Ratings raised shares of South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Morgan Stanley reiterated an “underweight” rating on shares of South Bow in a research report on Tuesday, December 2nd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of South Bow in a research note on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, South Bow currently has an average rating of “Hold” and a consensus target price of $29.57.

South Bow Trading Up 0.6%

Shares of SOBO opened at $33.52 on Friday. The business’s 50-day moving average price is $28.97 and its 200-day moving average price is $27.92. South Bow has a twelve month low of $21.16 and a twelve month high of $34.01. The stock has a market cap of $6.98 billion, a PE ratio of 16.12 and a beta of 0.29. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 2.19.

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

Hedge Funds Weigh In On South Bow

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in shares of South Bow by 10.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,770 shares of the company’s stock valued at $104,000 after buying an additional 344 shares in the last quarter. Aviso Financial Inc. lifted its holdings in shares of South Bow by 8.2% during the 3rd quarter. Aviso Financial Inc. now owns 5,200 shares of the company’s stock worth $147,000 after acquiring an additional 394 shares during the last quarter. Quantinno Capital Management LP grew its position in South Bow by 4.9% in the second quarter. Quantinno Capital Management LP now owns 10,175 shares of the company’s stock worth $264,000 after acquiring an additional 478 shares in the last quarter. LPL Financial LLC grew its position in South Bow by 1.6% in the fourth quarter. LPL Financial LLC now owns 38,499 shares of the company’s stock worth $1,058,000 after acquiring an additional 615 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in South Bow by 157.3% in the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after acquiring an additional 645 shares during the last quarter.

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.

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.