FBR & Co. Released “Outperform” Rating on Turning Point Brands (TPB)

Turning Point Brands (TPB) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $15 . FBR & Co. advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Company shares were Reiterated by FBR & Co. on Mar 15, 2017 to “Outperform”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .Company shares were Reiterated by FBR & Co. on Mar 14, 2017 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .

Several company insiders have filed Insider transactions , on Nov 28, 2016, James Michael Murray (Sr. VP, Business Planning) sold 13,592 shares at $14.00 per share price.

On the company’s financial health, Turning Point Brands reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.53 according to the earnings call on Mar 13, 2017. Analyst had a consensus of $0.34. The company had revenue of $53.80 million for the quarter, compared to analysts expectations of $49.15 million. The company’s revenue was up 15.2% compared to the same quarter last year.

Turning Point Brands opened for trading at $14 and hit $14.3 on the upside on Wednesday, eventually ending the session at $14.05, with a gain of 1.22% or 0.17 points. The heightened volatility saw the trading volume jump to 18,611 shares. Company has a market cap of $264 M.

Turning Point Brands

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