How to Buy Turning Point Brands Stock
Turning Point Brands Inc
Turning Point Brands is a tobacco company located in Kentucky, United States, which is part of the Consumer Defensive sector, and is traded under the ticker TPB on the NYSE exchange.
Turning Point Brands stock last closed at $28.13, up 0.25% from the previous day, and has increased 18.79% in one year. It has overperformed other stocks in the Tobacco industry by 0.6 percentage points. Turning Point Brands stock is currently +43.01% from its 52-week low of $19.67, and -5.79% from its 52-week high of $29.86.
At the moment, there are 17.62M TPB shares outstanding. The market value of TPB is $495.59M. In the last 24 hours, 50,968 TPB shares were traded.
How to Buy Turning Point Brands Stock
Wondering how to invest in Turning Point Brands stock? Here's how.
- Choose where to buy Turning Point Brands stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Turning Point Brands stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your info.
- Evaluate Turning Point Brands stock: The Turning Point Brands ticker symbol is TPB. Is Turning Point Brands stock a good investment? Should you buy shares of TPB? How do TPB's underlying business fundamentals look? Do top analysts think Turning Point Brands is a good buy? Why has TPB's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if TPB is a good stock to buy).
- Make your TPB purchase: Decide if you will purchase TPB shares at the current market price or use a limit order to purchase TPB stock at a particular price.
- Get notifications regarding your investment in TPB: Create a watchlist to get the latest news on your investment in Turning Point Brands shares.
Step 1: Choose where to buy Turning Point Brands stock
You need an online brokerage account in order to access the NYSE market and buy TPB shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you are able to buy TPB stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new trading account.
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Step 3: Deposit money your investment account
Now that you have opened your account on the best app for stock investing, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing funds into your brokerage account.
Step 4: Evaluate Turning Point Brands stock
After you have selected the best place to buy Turning Point Brands stock, it's important to analyze their stock prior to buying, so you can understand the risk as well as the opportunity.
Turning Point Brands Metrics
TPB Fundamentals
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on TPB's stock page.
Is TPB stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TPB's true value.
Using relative valuations measures:
- TPB may be overvalued based on its P/E ratio of 12.84x, relative to Tobacco industry P/E ratio of 11.69x
- TPB could be undervalued based on its P/B ratio of 3.28x, relative to Tobacco industry P/B ratio of 5.86x
- TPB may be overvalued based on its PEG ratio of 1.63x
You can do additional valuation research on TPB's stock here.
TPB Financial Overview
Passed Financial Due Diligence Checks:
- TPB earnings of $77.01M is not sufficient to cover its interest payments.
- Total TPB debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the TPB balance sheet.
- TPB profit margin has gone up from 2.8% to 9.5% in the past year.
Failed Financial Due Diligence Checks:
- There are more long-term liabilities than short-term assets on the TPB balance sheet.
- TPB's operating cash flow of $66.88M allows it to safely service it's debt of $375.31M.
- TPB has a relatively high debt to equity ratio of 2.76.
Is Turning Point Brands stock a Buy, Hold, or Sell, according to analysts?
Out of 1 sell side analysts who monitor TPB, the consensus analyst rating on Turning Point Brands is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Turning Point Brands stock forecast page.
TPB Technicals
TPB Growth Numbers
Last year, TPB earnings were $38.46M. During the last five year, TPB's earnings have increased by 10.82% per year. This was faster than the Tobacco industry average of 1.94%.
Last year, TPB revenue was $405.39M. In the past five year, TPB's revenue has gone up by 4.03% per year. This was faster than the Tobacco industry average of 2.7%.
Dive into TPB's earnings and revenue performance here.
What are TPB insiders up to?
Over the past 12 months, insiders at TPB have bought more shares than they have sold.
Brittani Cushman, Sr VP General Counsel of TPB, was the latest TPB insider to sell. They sold $21,344.96 worth of TPB shares on Apr 1, 2024.
Research more about who owns TPB shares here.
Can I rely on TPB as an income stream?
Turning Point Brands pays a dividend of 0.94%, compared to the Tobacco industry's average dividend yield of 6.45%. If you owned $1,000 of TPB stock, you would have been paid $9.42 last year.
Turning Point Brands dividend payments have consistently grown over the past 7 years and have remained stable.
Dig into more info about Turning Point Brands dividend yield and history here.
TPB Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your TPB purchase
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, use a limit order.
Click the Open Trade button and eToro will execute your order.
If you need additional help investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in TPB
Now that you own some TPB stock, you'll want to stay up-to-date on your new company.
Create a watchlist to get notified of important updates regarding your TPB stock.
TPB Feed
How to Buy Stock in Turning Point Brands
To summarize, here are the 6 steps you need to take to buy Turning Point Brands stock right now:
- Choose where to buy Turning Point Brands stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Turning Point Brands stock
- Make your TPB purchase
- Get notifications regarding your investment in TPB
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Turning Point Brands, hit the button below to create your watchlist.
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