16 hours Ago By ABMN Staff
Turning Point Brands ( NYSE:TPB – Get Free Report ) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday. Other equities research analysts have also recently issued research reports about the stock.
Roth Capital raised shares of Turning Point Brands to a “strong-buy” rating in a research note on Friday, November 8th. Craig Hallum lifted their price objective on shares of Turning Point Brands from $60.00 to $75.
00 and gave the company a “buy” rating in a report on Thursday, December 5th. Benchmark increased their target price on shares of Turning Point Brands from $45.00 to $65.
00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Roth Mkm restated a “buy” rating and issued a $70.00 price target (up previously from $55.
00) on shares of Turning Point Brands in a research note on Tuesday, December 17th. Finally, Oppenheimer started coverage on Turning Point Brands in a research report on Thursday, November 14th. They set an “outperform” rating and a $65.
00 price target on the stock. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has an average rating of “Buy” and a consensus price target of $68.75. Check Out Our Latest Research Report on Turning Point Brands Turning Point Brands Price Performance Turning Point Brands ( NYSE:TPB – Get Free Report ) last issued its earnings results on Thursday, November 7th.
The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.
01. The firm had revenue of $105.62 million for the quarter, compared to the consensus estimate of $100.
71 million. Turning Point Brands had a return on equity of 33.14% and a net margin of 11.
63%. The company’s revenue was up 3.8% compared to the same quarter last year.
During the same quarter in the prior year, the business earned $0.69 earnings per share. Research analysts expect that Turning Point Brands will post 2.
59 EPS for the current year. Institutional Investors Weigh In On Turning Point Brands Institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new stake in shares of Turning Point Brands during the third quarter worth $61,000.
The Manufacturers Life Insurance Company purchased a new stake in Turning Point Brands during the 2nd quarter valued at about $209,000. Magnetar Financial LLC acquired a new stake in Turning Point Brands in the 2nd quarter valued at about $212,000. Aigen Investment Management LP purchased a new position in Turning Point Brands in the 3rd quarter worth approximately $221,000.
Finally, Moran Wealth Management LLC acquired a new position in shares of Turning Point Brands during the 3rd quarter worth approximately $236,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.
Turning Point Brands Company Profile ( Get Free Report ) Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.
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