Turning Point Brands Inc. (TPB) Price Target Increased to $14.00 by Analysts at FBR & Co

Turning Point Brands Inc. (NYSE:TPB) had its price target upped by FBR & Co from $13.00 to $14.00 in a research report report published on Tuesday. They currently have an outperform rating on the stock.

Turning Point Brands (NYSE:TPB) opened at 12.30 on Tuesday. Turning Point Brands has a 1-year low of $6.46 and a 1-year high of $16.14. The company’s 50 day moving average is $13.21 and its 200-day moving average is $11.29. The stock has a market cap of $220.17 million and a PE ratio of 13.43.

Turning Point Brands (NYSE:TPB) last posted 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 company had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $48 million. Turning Point Brands’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that Turning Point Brands will post $0.80 earnings per share for the current fiscal 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.

5 Day Chart for NYSE:TPB

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