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Turning Point Brands (TPB) Receives a Buy from Roth MKM

Tipranks - Tipranks - Fri Apr 24, 10:34AM CDT

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

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According to TipRanks, Anderson is ranked #10836 out of 12161 analysts.

In a report released today, Alliance Global Partners also maintained a Buy rating on the stock with a $130.00 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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