Frontdoor (NASDAQ:FTDR) Reaches New 52-Week High – Should You Buy?

Frontdoor Inc. (NASDAQ:FTDR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $80.09 and last traded at $79.41, with a volume of 700429 shares changing hands. The stock had previously closed at $78.50.

Analysts Set New Price Targets

Several research firms have commented on FTDR. Benchmark initiated coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Frontdoor Stock Down 0.2%

The firm’s fifty day moving average is $66.51 and its two-hundred day moving average is $61.70. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 22.39 and a beta of 1.46. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47.

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

Hedge Funds Weigh In On Frontdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTDR. Private Trust Co. NA raised its stake 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 boosted 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 buying an additional 497 shares in the last quarter. Quarry LP grew its holdings in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC grew its holdings in Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after acquiring an additional 1,089 shares during the period. Finally, Huntington National Bank raised its position in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares in 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.