Frontdoor Inc. (NASDAQ:FTDR) Receives Consensus Recommendation of “Hold” from Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $59.75.

Several brokerages have issued reports on FTDR. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th.

Frontdoor Price Performance

Shares of FTDR stock opened at $56.91 on Thursday. Frontdoor has a 12 month low of $35.61 and a 12 month high of $70.14. The company has a market capitalization of $4.10 billion, a P/E ratio of 16.21 and a beta of 1.34. The stock has a 50 day moving average of $57.33 and a two-hundred day moving average of $59.82. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The business had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.Frontdoor’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. As a group, equities analysts expect that Frontdoor will post 3.07 EPS for the current year.

Hedge Funds Weigh In On Frontdoor

Institutional investors have recently added to or reduced their stakes in the company. Swedbank AB grew its stake in Frontdoor by 6.0% during the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after buying an additional 73,000 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Frontdoor by 2.5% in the 3rd quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock worth $74,612,000 after acquiring an additional 27,410 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Frontdoor by 2.7% in the 3rd quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock worth $65,156,000 after acquiring an additional 25,613 shares in the last quarter. Broad Bay Capital Management LP bought a new stake in Frontdoor during the 2nd quarter worth approximately $46,886,000. Finally, Fiera Capital Corp increased its holdings in Frontdoor by 2.1% during the 2nd quarter. Fiera Capital Corp now owns 744,718 shares of the company’s stock valued at $43,894,000 after purchasing an additional 15,295 shares in 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.