Turning Point Brands Inc. (TPB) Price Target Raised to $14.00 at FBR & Co
Turning Point Brands Inc. (NYSE:TPB) had its price target boosted by investment analysts at FBR & Co from $13.00 to $14.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. FBR & Co’s target price points to a potential upside of 12.63% from the company’s current price.
Turning Point Brands (NYSE:TPB) opened at 12.43 on Tuesday. The stock has a market cap of $222.50 million and a P/E ratio of 13.57. Turning Point Brands has a 12-month low of $6.46 and a 12-month high of $16.14. The stock has a 50 day moving average price of $13.19 and a 200-day moving average price of $11.28.
Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.39. The firm earned $51.60 million during the quarter, compared to analyst estimates of $48 million. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that Turning Point Brands will post $0.80 earnings per share for the current year.
About Turning Point Brands
Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.
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