Zacks: Turning Point Brands Inc (NYSE:TPB) Given $13.00 Consensus Price Target by Brokerages

Shares of Turning Point Brands Inc (NYSE:TPB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $13.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Turning Point Brands an industry rank of 173 out of 265 based on the ratings given to its competitors.

Several brokerages recently weighed in on TPB. FBR & Co reissued a “buy” rating on shares of Turning Point Brands in a research note on Tuesday, August 16th. Cowen and Company began coverage on shares of Turning Point Brands in a research note on Monday, June 6th. They set an “outperform” rating and a $13.00 price objective for the company.

Turning Point Brands (NYSE:TPB) traded down 0.16% on Tuesday, hitting $12.86. 2,587 shares of the company traded hands. The stock’s 50-day moving average is $12.80 and its 200 day moving average is $11.17. The firm has a market capitalization of $230.19 million and a P/E ratio of 14.04. Turning Point Brands has a 12 month low of $6.46 and a 12 month high of $16.14.

Turning Point Brands (NYSE:TPB) last announced its earnings results on Thursday, August 11th. The company reported $0.05 earnings per share 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 quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Turning Point Brands will post $0.80 EPS for the current fiscal 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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