Zacks: Brokerages Set $13.50 Target Price for Turning Point Brands Inc. (TPB)
Shares of Turning Point Brands Inc. (NYSE:TPB) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $13.50 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Turning Point Brands an industry rank of 44 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on TPB. Zacks Investment Research cut Turning Point Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 13th. FBR & Co restated a “buy” rating on shares of Turning Point Brands in a research note on Tuesday, August 16th.
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Shares of Turning Point Brands (NYSE:TPB) remained flat at $12.50 during trading on Tuesday. The company’s stock had a trading volume of 5,045 shares. The stock has a market cap of $223.75 million and a PE ratio of 13.65. The stock has a 50 day moving average price of $13.14 and a 200-day moving average price of $11.33. 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 announced its quarterly earnings data on Thursday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.39. The business earned $51.60 million during the quarter, compared to analysts’ expectations of $48 million. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict 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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