ATB Cormark Capital Markets Sticks to Their Hold Rating for South Bow Corp (SOBO)
ATB Cormark Capital Markets analyst Nate Heywood reiterated a Hold rating on South Bow Corp on May 8 and set a price target of C$46.00. The company’s shares closed last Friday at C$47.50.
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Heywood covers the Energy sector, focusing on stocks such as Pembina Pipeline, Enbridge, and Keyera Corp.. According to TipRanks, Heywood has an average return of -0.4% and a 59.26% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for South Bow Corp with a C$45.86 average price target, a -3.45% downside from current levels. In a report released on May 8, BMO Capital also maintained a Hold rating on the stock with a C$49.00 price target.
Based on South Bow Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$416.07 million and a net profit of C$75.74 million. In comparison, last year the company earned a revenue of C$716.55 million and had a net profit of C$88 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
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- South Bow price target raised to C$47 from C$44 at TD Securities
- South Bow price target raised to $36 from $34 at Scotiabank
- South Bow price target raised to C$49 from C$45 at BMO Capital
- Lloyd Byrne Reiterates Buy on South Bow Corp as Strong Pipeline Performance and Stable EBITDA Support Medium‑Term Cash Flow Visibility
- South Bow price target raised to C$44 from C$43 at TD Securities
