Frontdoor Inc. (NASDAQ:FTDR) Receives $59.75 Consensus Target Price from Analysts

Frontdoor Inc. (NASDAQ:FTDR) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $59.75.

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after acquiring an additional 393 shares during the period. Salomon & Ludwin LLC acquired a new position in Frontdoor in the 3rd quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its position in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the period. Quarry LP grew its stake in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after purchasing an additional 713 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Frontdoor in the second quarter valued at approximately $72,000.

Frontdoor Stock Down 0.2%

NASDAQ:FTDR opened at $57.95 on Wednesday. Frontdoor has a 52 week low of $35.61 and a 52 week high of $70.14. The stock’s fifty day moving average is $57.26 and its two-hundred day moving average is $59.63. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 16.51 and a beta of 1.32. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $610.77 million. During the same period last year, the business posted $1.38 EPS. Frontdoor’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts anticipate that Frontdoor will post 3.07 EPS for the current year.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.