Turning Point Brands Inc. (NYSE:TPB) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm currently has a $14.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 12.00% from the company’s previous close.

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 raised their target price on Turning Point Brands from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 11th.

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Shares of Turning Point Brands (NYSE:TPB) opened at 12.50 on Tuesday. Turning Point Brands has a 12-month low of $6.46 and a 12-month high of $16.14. The company has a market cap of $223.75 million and a price-to-earnings ratio of 13.65. The firm’s 50-day moving average price is $13.14 and its 200 day moving average price is $11.33.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data 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 earned $51.60 million during the quarter, compared to analysts’ expectations of $48 million. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict 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.

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