B.Riley FBR analyst Susan Anderson maintained a Buy rating on Turning Point Brands (NYSE: TPB) today and set a price target of $34. The company’s shares closed yesterday at $31.64, close to its 52-week high of $33.39.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.8% and a 56.6% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Turning Point Brands has an analyst consensus of Moderate Buy, with a price target consensus of $30.
See today’s analyst top recommended stocks >>
Based on Turning Point Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $3.03 million. In comparison, last year the company had a net profit of $7.44 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Turning Point Brands, Inc. provides tobacco products. It operates through following segments: Smokeless Products, Smoking Products and NewGen Products. The Smokeless Products segment includes both loose leaf chewing tobacco and moist snuff tobacco. The Smoking Products segment principally includes cigarette papers and Make-Your-Own cigar wraps.
