Rotating marks found using ticker (TPB) now have 5 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price is between 60 and 43 and has an average target of 47.4. With the stock’s previous close at 38.97, this now indicates that there is upside potential of 21.6%. The 50-day moving average is 32.5 and the 200-day moving average is 28.4. The company has a market capitalization of $ 759 million. Company website: http://www.turningpointbrands.com
Turning Point Brands, along with its subsidiaries, supplies other tobacco products to the United States and Canada. The company operates in three segments: Smoke-Free Products, Smoker Products and NewGen Products. The Smokeless Products segment manufactures and markets leaf chewing tobacco and wet snuff. The Smoking Products segment markets and distributes cigarette papers, tubes and related products, as well as finished cigars and do-it-yourself cigar wrappers; and processes, packages, markets and distributes pipe tobacco. The NewGen Products segment markets and distributes electronic cigarettes, e-liquids, vaporizers and other tobacco and / or nicotine-free products. It also markets and distributes various assortments of vaping related and cannabidiol isolate (CBD) products to non-traditional retail outlets through VaporBeast, Vapor Shark, Vapor Supply, IVG and Solace; and various vapor and CBD related products to individual consumers through VaporShark and VaporFi branded retail outlets, as well as through online platforms. The company sells its products under the Zig-Zag, Beech-Nut, Stoker’s, Trophy, VaporBeast, Vapor Shark, VaporFi, Havana Blossom, Durango, Tequila Sunrise, Fred’s Choice, Old Hillside, Our Pride, Red Cap, Tennessee Chew, Big Marques Mountain, Springfield Standard, Snake River, DirectVapor, SouthBeachSmoke, and Nu-X Ventures. It sells its products to wholesale distributors and retailers in independent and chain convenience stores, tobacco stores, grocery stores, mass merchandising, drug stores and non-traditional retail channels. The company was previously 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. Turning Point Brands is a subsidiary of Standard Diversified Inc.