Analysts Issue Forecasts for South Bow FY2024 Earnings

South Bow Corporation (TSE:SOB) – Equities researchers at National Bank Financial upped their FY2024 EPS estimates for South Bow in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $2.44 for the year, up from their prior estimate of $2.39. National Bank Financial also issued estimates for South Bow’s FY2025 earnings at $2.56 EPS, FY2026 earnings at $2.71 EPS, FY2027 earnings at $2.82 EPS and FY2028 earnings at $2.89 EPS.

A number of other research analysts have also recently weighed in on the stock. Tudor Pickering raised shares of South Bow to a “strong-buy” rating in a research report on Tuesday, November 19th. Scotiabank upgraded shares of South Bow to a “hold” rating in a report on Friday, December 27th. Finally, Wells Fargo & Company downgraded South Bow from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 18th.

South Bow Stock Performance

Insiders Place Their Bets

In related news, Senior Officer Richard Prior purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of C$35.00 per share, with a total value of C$70,000.00. Also, Senior Officer P. Van R. Dafoe acquired 5,700 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$33.34 per share, with a total value of C$190,038.00. Insiders purchased a total of 33,540 shares of company stock worth $1,150,282 in the last 90 days.