Turning Point Brands with ticker code (TPB) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 45 and 22 with a mean TP of 34. Now with the previous closing price of 20.53 this is indicating there is a potential upside of 65.6%. The day 50 moving average is 22.48 and the 200 day moving average is 28.55. The market capitalisation for the company is $368m. You can visit the company’s website by visiting: https://www.turningpointbrands.com/home/default.aspx
The potential market cap would be $610m based on the market concensus.
Turning Point Brands, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products under the Zig-Zag brand. The Stoker’s Products segment manufactures and markets moist snuff tobacco and loose-leaf chewing tobacco products under the Stoker’s, Beech-Nut, Durango, Trophy, and Wind River brands. The NewGen Products segment markets and distributes cannabidiol isolate, liquid vapor products, and other products without tobacco and/or nicotine to individual consumers through VaporFi B2C online platform, as well as non-traditional retail through VaporBeast. It sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, and drug stores. The company was formerly known as North Atlantic Holding Company and changed its name to Turning Point Brands in November 2015. Turning Point Brands was founded in 1988 and is headquartered in Louisville, Kentucky.
