Frontdoor Inc. (NASDAQ:FTDR) Receives Consensus Rating of “Moderate Buy” from Analysts

Frontdoor Inc. (NASDAQ:FTDR) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $72.00.

Several research firms recently commented on FTDR. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a research report on Thursday, February 26th. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Benchmark began coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st.

Institutional Investors Weigh In On Frontdoor

Several institutional investors and hedge funds have recently made changes to their positions in FTDR. Private Trust Co. NA boosted its position in shares of Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after purchasing an additional 497 shares during the last quarter. Quarry LP raised its stake in 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. Global Retirement Partners LLC raised its stake in Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares during the last quarter. Finally, LSV Asset Management acquired a new position in Frontdoor in the 3rd quarter valued at about $87,000.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $65.87 on Wednesday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 18.87 and a beta of 1.50. Frontdoor has a one year low of $48.47 and a one year high of $70.77. The company’s fifty day moving average is $61.01 and its two-hundred day moving average is $59.22. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Analysts forecast that Frontdoor will post 4.48 EPS for the current fiscal 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.