Turning Point Brands with ticker code (TPB) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 75 and 56 with a mean TP of 65.4. With the stocks previous close at 44.67 this indicates there is a potential upside of 46.4%. The 50 day moving average now sits at 48.04 while the 200 day moving average is 47.62. The market cap for the company is $848m. Find out more information at: http://www.turningpointbrands.com
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, and Trophy 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. The company 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 incorporated in 2004 and is headquartered in Louisville, Kentucky.
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