Zacks Investment Research lowered shares of Turning Point Brands Inc. (NYSE:TPB) from a hold rating to a strong sell rating in a report issued on Thursday morning.

According to Zacks, “Turning Point Brands, Inc. provides tobacco products. The Company’s product consists of moist snuff, loose leaf chewing tobacco, cigarette papers, make-your-own cigar wraps and cigar smoking tobacco, cigars and liquid and tobacco vapour. Its portfolio of brands includes Zig-Zag(R), Beech-Nut(R) and Stoker’s(R). Turning Point Brands, Inc. is based in Louisville, Kentucky. “

Separately, FBR & Co increased their price target on shares of Turning Point Brands from $13.00 to $14.00 and gave the company an outperform rating in a research report on Tuesday.

Turning Point Brands (NYSE:TPB) traded up 0.9221% during mid-day trading on Thursday, reaching $12.3125. 2,044 shares of the company traded hands. The stock has a market capitalization of $220.39 million and a PE ratio of 13.4416. The stock has a 50-day moving average of $13.18 and a 200 day moving average of $11.31. Turning Point Brands has a 52-week low of $6.46 and a 52-week high of $16.14.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.44 by $0.39. The firm had revenue of $51.60 million for the quarter, compared to analyst estimates of $48 million. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that Turning Point Brands will post $0.80 earnings per share for the current year.

Turning Point Brands Company Profile

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.

5 Day Chart for NYSE:TPB

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