Turning Point Brands Inc (TPB) Given $55.00 Average Price Target by Brokerages

Share on StockTwits

Shares of Turning Point Brands Inc (NYSE:TPB) have been given 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 research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $55.00 for the company and are expecting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Turning Point Brands an industry rank of 95 out of 255 based on the ratings given to its competitors.

Several research analysts have commented on the company. Zacks Investment Research downgraded Turning Point Brands from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. B. Riley boosted their price target on Turning Point Brands from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th.

Shares of NYSE TPB opened at $42.67 on Friday. Turning Point Brands has a one year low of $20.48 and a one year high of $50.07. The stock has a market cap of $882.18 million, a price-to-earnings ratio of 24.95 and a beta of 1.29. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.75 and a quick ratio of 0.32.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). Turning Point Brands had a net margin of 7.60% and a return on equity of 51.39%. The firm had revenue of $94.29 million for the quarter, compared to analyst estimates of $91.70 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. Equities analysts expect that Turning Point Brands will post 1.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were issued a $0.045 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.18 annualized dividend and a dividend yield of 0.42%. Turning Point Brands’s dividend payout ratio (DPR) is currently 10.53%.

Institutional investors have recently made changes to their positions in the business. Resources Investment Advisors Inc. acquired a new position in shares of Turning Point Brands during the fourth quarter worth about $27,000. Great West Life Assurance Co. Can lifted its position in shares of Turning Point Brands by 960.1% in the fourth quarter. Great West Life Assurance Co. Can now owns 1,993 shares of the company’s stock valued at $52,000 after buying an additional 1,805 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Turning Point Brands by 356.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,825 shares of the company’s stock valued at $77,000 after buying an additional 2,206 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Turning Point Brands in the third quarter valued at approximately $209,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Turning Point Brands in the third quarter valued at approximately $257,000. Institutional investors own 34.49% of the company’s stock.

Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products in the United States. The company operates in three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

Featured Story: Stop Order Uses For Individual Investors

Get a free copy of the Zacks research report on Turning Point Brands (TPB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Turning Point Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Equities Analysts Set Expectations for Nordic American Tanker Ltd’s Q2 2019 Earnings
Equities Analysts Set Expectations for Nordic American Tanker Ltd’s Q2 2019 Earnings
Noble Financial Analysts Give electroCore  a $19.00 Price Target
Noble Financial Analysts Give electroCore a $19.00 Price Target
Zacks Investment Research Downgrades ZIOPHARM Oncology  to Hold
Zacks Investment Research Downgrades ZIOPHARM Oncology to Hold
Analyzing Syntel  & Endava
Analyzing Syntel & Endava
Ross Stores  Set to Announce Quarterly Earnings on Thursday
Ross Stores Set to Announce Quarterly Earnings on Thursday
TD Securities Lowers Turquoise Hill Resources  Price Target to C$4.00
TD Securities Lowers Turquoise Hill Resources Price Target to C$4.00


© 2006-2019 Ticker Report