South Bow Corp (SOBO) Receives a Buy from RBC Capital

According to TipRanks, Choy is a 5-star analyst with an average return of 16.3% and a 73.23% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, Rockpoint Gas Storage, Inc. Class A, and Brookfield Infrastructure.

In addition to RBC Capital, South Bow Corp also received a Buy from Jefferies’s Sam Burwell in a report issued on August 5. However, yesterday, Barclays maintained a Hold rating on South Bow Corp (TSX: SOBO).

Based on South Bow Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$491 million and a net profit of C$77 million. In comparison, last year the company earned a revenue of C$498 million and had a net profit of C$88 million

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOBO in relation to earlier this year.