Brokerages Set The Duckhorn Portfolio, Inc. (NYSE:NAPA) Price Target at $9.85

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $9.85.

NAPA has been the subject of a number of recent research reports. Barclays raised their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $11.00 to $11.10 in a research report on Friday, October 11th.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NAPA. DekaBank Deutsche Girozentrale acquired a new position in shares of Duckhorn Portfolio in the third quarter valued at approximately $31,000. Simon Quick Advisors LLC purchased a new position in shares of Duckhorn Portfolio during the second quarter worth about $85,000. Barnett & Company Inc. acquired a new position in Duckhorn Portfolio during the third quarter worth approximately $73,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Duckhorn Portfolio in the 3rd quarter valued at $74,000. Finally, Canada Pension Plan Investment Board acquired a new position in Duckhorn Portfolio in the 2nd quarter valued at $101,000.

Duckhorn Portfolio Price Performance

NYSE NAPA opened at $10.99 on Friday. Duckhorn Portfolio has a 12-month low of $5.38 and a 12-month high of $11.10. The firm’s fifty day simple moving average is $9.51 and its two-hundred day simple moving average is $7.96. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.62 billion, a P/E ratio of 23.37, a P/E/G ratio of 9.47 and a beta of 0.02.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a return on equity of 6.24% and a net margin of 13.81%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Analysts forecast that Duckhorn Portfolio will post 0.6 EPS for the current fiscal year.

About Duckhorn Portfolio

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.