Craig-Hallum Sticks to Its Buy Rating for Turning Point Brands (TPB)

In a report released today, Eric Des Lauriers from Craig-Hallum maintained a Buy rating on Turning Point Brands (TPB – Research Report). The company’s shares closed yesterday at $28.06.

According to TipRanks, Des Lauriers is a 4-star analyst with an average return of 8.5% and a 41.07% success rate. Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Turning Point Brands, Vita Coco Company, and Mama’s Creations.

Turning Point Brands has an analyst consensus of Moderate Buy, with a price target consensus of $34.00.

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 117K.

Based on the recent corporate insider activity of 56 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.

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 (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.