Turning Point Brands Inc. (TPB) Price Target Raised to $14.00 at FBR & Co
Turning Point Brands Inc. (NYSE:TPB) had its price target increased by research analysts at FBR & Co from $13.00 to $14.00 in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. FBR & Co’s price objective would suggest a potential upside of 12.63% from the company’s previous close.
Shares of Turning Point Brands (NYSE:TPB) opened at 12.43 on Tuesday. The firm’s 50-day moving average price is $13.19 and its 200-day moving average price is $11.28. The stock has a market cap of $222.50 million and a P/E ratio of 13.57. 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 earnings results on Thursday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.39. The business earned $51.60 million during the quarter, compared to analysts’ expectations of $48 million. Turning Point Brands’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Turning Point Brands will post $0.80 earnings per share 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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