Analysts Set Turning Point Brands, Inc. (NYSE:TPB) PT at $68.75

Turning Point Brands, Inc. (NYSE:TPB - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $68.75.

TPB has been the subject of a number of research reports. Roth Mkm restated a "buy" rating and issued a $70.00 price target on shares of Turning Point Brands in a report on Friday, January 10th. Roth Capital raised shares of Turning Point Brands to a "strong-buy" rating in a research report on Friday, November 8th. Benchmark lifted their price objective on shares of Turning Point Brands from $45.00 to $65.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. StockNews.com lowered shares of Turning Point Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Oppenheimer started coverage on shares of Turning Point Brands in a research report on Thursday, November 14th. They issued an "outperform" rating and a $65.00 price target on the stock.

Hedge Funds Weigh In On Turning Point Brands

A number of institutional investors have recently made changes to their positions in TPB. Virtus Fund Advisers LLC bought a new position in shares of Turning Point Brands during the 4th quarter valued at $48,000. Copeland Capital Management LLC bought a new stake in Turning Point Brands in the 3rd quarter worth $61,000. USA Financial Formulas purchased a new stake in shares of Turning Point Brands in the 4th quarter worth about $73,000. Sunbelt Securities Inc. purchased a new stake in shares of Turning Point Brands in the 4th quarter worth about $96,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Turning Point Brands by 29.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,364 shares of the company's stock worth $142,000 after purchasing an additional 532 shares during the period. Institutional investors own 96.12% of the company's stock.

Turning Point Brands Trading Down 0.2 %

NYSE TPB traded down $0.17 during mid-day trading on Tuesday, reaching $69.22. 257,820 shares of the stock were exchanged, compared to its average volume of 215,370. Turning Point Brands has a one year low of $22.47 and a one year high of $70.99. The stock has a 50 day simple moving average of $61.18 and a 200-day simple moving average of $51.65. The stock has a market cap of $1.22 billion, a P/E ratio of 27.47 and a beta of 0.65. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78.

Turning Point Brands Company Profile

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.