Rotating marks found using the ticker (TPB) now have 4 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 65 and 46 by calculating the average target price we have 57.75. Together with the stock’s previous close at 37.11, this would indicate that there is upside potential of 55.6%. The 50-day moving average now sits at 37.66 and the 200-day moving average is at 44.48. The market capitalization of the company is $694 million. You can visit the company’s website by visiting: https://www.turningpointbrands.com
The potential market capitalization would be $1,080 million based on market consensus.
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Turning Point Brands, together with its subsidiaries, manufactures, markets and distributes branded consumer products. The Company operates through three segments: Zig-Zag Products, Stoker Products and NewGen Products. The Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, do-it-yourself cigar wrappers and related products under the Zig-Zag brand. The Stoker’s Products segment manufactures and markets moist snuff and bulk chewing tobacco products under the Stoker’s, Beech-Nut and Trophy brand names. The NewGen Products segment markets and distributes cannabidiol isolates, liquid vapor products and other tobacco and/or nicotine free products to individual consumers through the online VaporFi B2C platform, as well as non-traditional retail through VaporBeast. The company sells its products to wholesale distributors and retailers through independent and chain convenience stores, tobacconists, grocery stores, mass retailers and pharmacies. 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.