FBR & Co Boosts Turning Point Brands Inc. (TPB) Price Target to $14.00
Turning Point Brands Inc. (NYSE:TPB) had its price target raised by stock analysts at FBR & Co from $13.00 to $14.00 in a report issued on Tuesday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. FBR & Co’s price objective would indicate a potential upside of 12.63% from the stock’s previous close.
Shares of Turning Point Brands (NYSE:TPB) opened at 12.43 on Tuesday. The stock has a market cap of $222.50 million and a price-to-earnings ratio of 13.57. The stock’s 50 day moving average price is $13.19 and its 200 day moving average price is $11.28. 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 issued its earnings results on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.39. The business had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $48 million. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Turning Point Brands will post $0.80 EPS for the current fiscal year.
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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.
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