FBR Capital Reiterates a Buy Rating on Turning Point Brands

By Austin Angelo

In a report released yesterday, Susan Anderson from FBR Capital reiterated a Buy rating on Turning Point Brands (NYSE: TPB). The company’s shares opened today at $14.09.

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 3.6% and a 54.9% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and ClubCorp Holdings.

Turning Point Brands has an analyst consensus of Moderate Buy.

The company has a one year high of $16.14 and a one year low of $6.46. Currently, Turning Point Brands has an average volume of 26.81K.

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. The company was founded by Thomas Helms, Jr. in 2004 and is headquartered in Louisville, KY.