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Roth MKM Sticks to Their Buy Rating for Turning Point Brands (TPB)

Tipranks - Tipranks - Tue Apr 21, 9:14AM CDT

In a report released today, Nick Anderson from Roth MKM reiterated a Buy rating on Turning Point Brands, with a price target of $125.00.

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According to TipRanks, Anderson is an analyst with an average return of -2.9% and a 31.25% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Turning Point Brands with a $130.00 average price target.

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Based on Turning Point Brands’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $121.01 million and a net profit of $8.21 million. In comparison, last year the company earned a revenue of $93.67 million and had a net profit of $2.42 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TPB in relation to earlier this year.

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