Frontdoor (FTDR) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Frontdoor Inc (NASDAQ:FTDR) saw an uptick in trading volume on Friday after Buckingham Research raised their price target on the stock from $37.00 to $44.00. Buckingham Research currently has a buy rating on the stock. 1,201,218 shares changed hands during mid-day trading, an increase of 215% from the previous session’s volume of 381,114 shares.The stock last traded at $35.89 and had previously closed at $35.80.

Several other research firms also recently commented on FTDR. Zacks Investment Research downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine raised Frontdoor from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, Oppenheimer set a $40.00 price objective on Frontdoor and gave the stock a “buy” rating in a research note on Thursday, December 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.80.

The stock has a market capitalization of $3.02 billion and a PE ratio of 20.28.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.17. The business had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $277.87 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts anticipate that Frontdoor Inc will post 1.46 earnings per share for the current year.

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Frontdoor Company Profile (NASDAQ:FTDR)

frontdoor, inc. provides home service plans to homeowners under the American Home Shield, HSA, Landmark, and OneGuard brands in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

Further Reading: Buy-Side Analysts

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