Benchmark Co. Sticks to Its Buy Rating for Turning Point Brands (TPB)

In a report released today, Michael Legg from Benchmark Co. reiterated a Buy rating on Turning Point Brands (TPB – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $32.57.

According to TipRanks, Legg is a 4-star analyst with an average return of 12.9% and a 45.45% success rate.

Currently, the analyst consensus on Turning Point Brands is a Moderate Buy with an average price target of $45.00.

The company has a one-year high of $29.86 and a one-year low of $19.57. Currently, Turning Point Brands has an average volume of 110.4K.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TPB in relation to earlier this year.

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Turning Point Brands (TPB) Company Description:

Turning Point Brands, Inc. provides tobacco products. It operates through following segments: Smokeless products, Smoking products and NewGen products. The Smokeless products segment manufactures and markets moist snuff and contracts for and markets chewing tobacco products. The Smoking products segment imports and markets cigarette papers, tubes, finished cigars, NYO cigar tobaccos and cigar wraps and processes, packages and markets pipe tobaccos. The NewGen products segment markets e-cigarettes, e-liquids, vaporizers, and other related products and distributes a wide assortment of vaping products to non-traditional retail outlets via VaporBeast and Vapor Shark. The company was founded by Thomas Helms, Jr. in 1988 and is headquartered in Louisville, KY.