Turning Point Brands Inc (TPB) Stock AnalysisTPBStock AnalysisTurning Point Brands Inc

Turning Point Brands, Inc. is a manufacturer, marketer and distributor of branded consumer products. It sells a range of products to adult consumers, consisting of staple products under the brands Zig-Zag and Stoker’s. Its segments include Zig-Zag Products (Zig-Zag) and Stoker’s Products (Stoker’s). Zig-Zag principally markets and distributes rolling papers, tubes, and related products; finished cigars and make-your-own cigar wraps, and other accessories. It introduced Zig-Zag ‘Rillo-sized wraps, which are similar in size to cigarillos, a type of machine-made cigars. Stoker’s manufactures and markets moist snuff tobacco (MST) and contract for and market FRE, its modern oral product and contract for and market loose-leaf chewing tobacco products. Its products are available in approximately 200,000 in the United States retail locations which, with the addition of retail stores in Canada, brings its total North American retail presence to an estimated 220,000 points of distribution. It operates in the Consumer Non-Cyclicals sector (TOBACCO PRODUCTS industry).

Turning Point Brands Inc is a good buy right now due to its strong growth in nicotine pouch sales, which account for over 40% of total revenue, and a gross margin of 59.62%. The current price of $83.93 is significantly below the analyst price target of $116, suggesting a potential upside of approximately 38%. However, the forward P/E ratio of 59.88 indicates that the stock is relatively expensive compared to its earnings, which is a risk to consider.

2 analysts cover TPB: 2 rate it Buy, 0 Hold and 0 Sell. The average price target is 116.67.