Frontdoor (NASDAQ:FTDR) Hits New 1-Year High – Time to Buy?

Frontdoor Inc. (NASDAQ:FTDR)’s share price hit a new 52-week high on Monday . The stock traded as high as $75.96 and last traded at $74.2090, with a volume of 1980486 shares traded. The stock had previously closed at $74.73.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTDR shares. Benchmark assumed coverage on Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Frontdoor Trading Up 0.8%

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The stock has a fifty day simple moving average of $64.88 and a 200 day simple moving average of $60.88. The firm has a market capitalization of $5.29 billion, a P/E ratio of 21.55 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The firm had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that Frontdoor Inc. will post 4.48 EPS for the current year.

Institutional Investors Weigh In On Frontdoor

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA raised its position in shares of Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares in the last quarter. Quarry LP grew its stake in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares in the last quarter. Global Retirement Partners LLC increased its holdings 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 acquiring an additional 1,089 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Frontdoor by 18.8% in the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after acquiring an additional 273 shares during the last quarter.

Frontdoor Company Profile

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.