Cowen & Co. Keeps Their Buy Rating on Turning Point Brands

By Austin Angelo

Cowen & Co. analyst Vivien Azer reiterated a Buy rating on Turning Point Brands (NYSE: TPB) on September 13 and set a price target of $20. The company’s shares closed on Friday at $16.72.

According to TipRanks.com, Azer is a 5-star analyst with an average return of 11.5% and a 75.8% success rate. Azer covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Constellation Brands Inc, and Craft Brewers Alliance.

Turning Point Brands has an analyst consensus of Moderate Buy, with a price target consensus of $20.

Based on Turning Point Brands’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $72.09 million and quarterly net profit of $7.44 million. In comparison, last year the company earned revenue of $51.58 million and had a net profit of $799K.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral on the stock.

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Turning Point Brands, Inc. operates as a holding company with interest in manufacturing and marketing loose leaf chewing tobacco. Its business include cigarette papers, cigar wraps, cigars, pipe tobacco, moist snuff, chewing tobacco, electronic vapor, and non-nicotine or non tobacco.