Todays Report: The FBR & Co Boosts Turning Point Brands Inc. (TPB) Price Target to $14.00

The FBR & Co Boosts Turning Point Brands Inc. (TPB) Price Target to $14.00

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

Shares of Turning Point Brands (NYSE:TPB) opened at 12.20 on Tuesday. The stock has a market cap of $218.38 million and a price-to-earnings ratio of 13.32. Turning Point Brands has a one year low of $6.46 and a one year high of $16.14. The company has a 50-day moving average of $13.18 and a 200 day moving average of $11.31.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.39. The business had revenue of $51.60 million for the quarter, compared to the consensus estimate of $48 million. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Turning Point Brands will post $0.80 earnings per share for the current fiscal year.

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