Turning Point Brands – Consensus Indicates Potential 65.9% Upside

Broker Ratings

Turning Point Brands which can be found using ticker (TPB) now have 3 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 45 and 22 suggesting an average Analsyt target price of $34.00. Given that the stocks previous close was at $20.50 this now indicates there is a potential upside of 65.9%. Also worth taking note is the 50 day moving average now sits at $22.30 and the 200 day moving average is $23.36. The company has a market capitalization of $360m. Company Website: https://www.turningpointbrands.com/home/default.aspx

The potential market cap would be $597m based on the market consensus.

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Turning Point Brands, together with its subsidiaries, manufactures, markets, and distributes adult consumer products. It operates through Zig-Zag Products, Stoker’s Products, and NewGen Products segments. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories 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. Its NewGen Products segment market and distribute vapor products and other products without tobacco and/or nicotine to individual consumers through VaporFi and direct B2C online platform, as well as non-traditional retail through VaporBeast. In addition, it markets and distributes cannabis accessories and tobacco products. The company sells its products to wholesale distributors and retail merchants in the independent and chain convenience stores, tobacco outlets, food stores, mass merchandising, drug store, and non-traditional retail channels. Turning Point Brands was formerly known as North Atlantic Holding Company and changed its name to Turning Point Brands in November 2015. The company was founded in 1988 and is headquartered in Louisville, Kentucky.

The company has a dividend yield of 1.26% with the ex dividend date set at 16-3-2023 (DMY).

Other points of data to note are a P/E ratio of 32.4, revenue per share of 23.19 and a 8.5% return on assets.

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