Brokerages Set The Duckhorn Portfolio, Inc. (NYSE:NAPA) Target Price at $10.01

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $10.01.

Several brokerages recently commented on NAPA. Barclays increased their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Finally, Jefferies Financial Group downgraded Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 target price on the stock. in a research report on Friday, December 6th.

Duckhorn Portfolio Stock Performance

NYSE:NAPA opened at $11.09 on Friday. The company has a market cap of $1.63 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. Duckhorn Portfolio has a twelve month low of $5.38 and a twelve month high of $11.11. The business has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $8.81. The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Duckhorn Portfolio

Institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in Duckhorn Portfolio during the 3rd quarter valued at $31,000. Barnett & Company Inc. bought a new position in shares of Duckhorn Portfolio in the third quarter valued at about $73,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth about $74,000. Intech Investment Management LLC bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth about $86,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Duckhorn Portfolio in the 3rd quarter valued at about $88,000.

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.