South Bow (NYSE:SOBO) Stock Rating Upgraded by Wall Street Zen

South Bow (NYSE:SOBO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently commented on SOBO. TD Securities reissued a “hold” rating on shares of South Bow in a research report on Thursday, July 16th. Raymond James Financial restated an “outperform” rating on shares of South Bow in a report on Wednesday, October 14th. Canadian Imperial Bank of Commerce lowered their target price on South Bow from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 22nd. Barclays lifted their target price on South Bow from $33.00 to $34.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Scotiabank upped their target price on South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, South Bow has a consensus rating of “Hold” and a consensus price target of $32.67.

South Bow Stock Performance

Shares of SOBO stock opened at $31.07 on Friday. The company’s fifty day simple moving average is $34.96 and its 200-day simple moving average is $34.53. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 1.81. The firm has a market cap of $6.48 billion, a PE ratio of 13.93 and a beta of 0.17. South Bow has a 12 month low of $25.43 and a 12 month high of $39.02.

South Bow (NYSE:SOBO) last announced its earnings results on Wednesday, November 4th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $503.00 million during the quarter, compared to analysts’ expectations of $476.02 million. South Bow had a net margin of 22.81% and a return on equity of 15.78%. Equities research analysts expect that South Bow will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On South Bow

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in South Bow by 140.5% in the first quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock valued at $28,000 after buying an additional 496 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of South Bow by 78.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after buying an additional 831 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of South Bow in the second quarter valued at approximately $68,000. Integrated Wealth Concepts LLC bought a new position in shares of South Bow during the 2nd quarter worth approximately $81,000. Finally, IFP Advisors Inc boosted its stake in shares of South Bow by 202.6% during the 3rd quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock worth $81,000 after acquiring an additional 1,643 shares during the period.

South Bow News Summary

Here are the key news stories impacting South Bow this week:

• Positive Sentiment: South Bow earned $0.47 per share, above the $0.43 consensus, and revenue of $503 million exceeded estimates of $476 million. Net income also increased year over year. South Bow Posts Higher Q3 Net Income YoY
• Positive Sentiment: The company raised its full-year cash-flow guidance, a sign of improved expectations for cash generation. South Bow Beats Q3 2026 Estimates and Raises Full-Year Cash Flow Guidance
• Positive Sentiment: South Bow declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annualized. The payout may appeal to income-focused investors. South Bow Reports Third-quarter 2026 Results, Provides 2027 Outlook, and Declares Dividend
• Neutral Sentiment: CIBC and Scotiabank maintained Hold ratings, signaling neither a strong bullish nor bearish change in their views. CIBC Keeps Their Hold Rating on South Bow Corp Scotiabank Sticks to Their Hold Rating for South Bow Corp
• Negative Sentiment: Barclays raised its price target from $33 to $34 but retained an Underweight rating. That cautious stance, alongside the two Hold ratings, could temper the positive reaction to the earnings beat.

South Bow Company Profile

South Bow is a North American energy infrastructure company focused on transporting and storing crude oil. Its pipeline network connects production areas in Western Canada with refineries and other markets in Canada and the United States.

The company’s assets include the Keystone Pipeline System, which carries crude from Alberta to destinations in the U.S. Midwest and Gulf Coast, along with other liquids pipeline infrastructure in Canada. South Bow was established as an independent company through the separation of TC Energy’s liquids pipelines business in October 2024.

South Bow is headquartered in Calgary, Alberta.