Frontdoor Inc. (FTDR) – What Are Analysts Thinking About This Stock?

Frontdoor Inc. (NASDAQ:FTDR) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $95.40.

Several analysts have recently weighed in on FTDR shares. Oppenheimer lifted their price target on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Wolfe Research raised Frontdoor to an “outperform” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. initiated coverage on Frontdoor in a report on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, The Goldman Sachs Group reduced their price objective on Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday.

Frontdoor Stock Performance

NASDAQ FTDR opened at $77.98 on Tuesday. The business’s 50 day moving average price is $80.35 and its 200-day moving average price is $71.20. Frontdoor has a fifty-two week low of $48.47 and a fifty-two week high of $93.43. The company has a market cap of $5.37 billion, a P/E ratio of 20.68 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. During the same period in the prior year, the firm posted $1.63 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Frontdoor will post 4.67 earnings per share for the current year.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds have recently made changes to their positions in the stock. State of Wyoming raised its stake in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock worth $377,000 after purchasing an additional 177 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Frontdoor by 0.8% during the second quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock worth $2,010,000 after purchasing an additional 200 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of Frontdoor by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 11,312 shares of the company’s stock worth $598,000 after purchasing an additional 312 shares during the period. Corient Private Wealth LP grew its position in Frontdoor by 5.8% in the 2nd quarter. Corient Private Wealth LP now owns 5,807 shares of the company’s stock valued at $447,000 after buying an additional 316 shares during the last quarter. Finally, Keating Financial Advisory Services Inc. purchased a new position in Frontdoor in the 2nd quarter valued at $25,000.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.