Frontdoor (NASDAQ:FTDR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Frontdoor (NASDAQ:FTDR) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other research analysts also recently commented on FTDR. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a research report on Thursday. Truist Financial set a $71.00 price target on shares of Frontdoor in a report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.75.

Frontdoor Stock Performance

Shares of FTDR stock opened at $67.46 on Friday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 19.78 and a beta of 1.31. Frontdoor has a 1-year low of $35.61 and a 1-year high of $70.77. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 4.73. The stock’s fifty day simple moving average is $58.70 and its 200-day simple moving average is $59.89.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $421.62 million. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Frontdoor will post 3.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

A number of large investors have recently bought and sold shares of FTDR. Boston Partners lifted its position in shares of Frontdoor by 8.5% in the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after buying an additional 454,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Frontdoor by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after purchasing an additional 27,237 shares during the last quarter. Reinhart Partners LLC. boosted its position in Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after purchasing an additional 332,556 shares during the period. Morgan Stanley grew its holdings in Frontdoor by 11.5% during the fourth quarter. Morgan Stanley now owns 1,485,123 shares of the company’s stock valued at $85,677,000 after purchasing an additional 153,138 shares during the last quarter. Finally, Swedbank AB grew its holdings in Frontdoor by 6.0% during the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock valued at $74,051,000 after purchasing an additional 73,000 shares during the last quarter.

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.