Frontdoor (NASDAQ:FTDR)‘s stock had its “buy” rating reaffirmed by SunTrust Banks in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports.
The analysts wrote, “We maintain a Buy rating and $40 PT heading into FTDR’s 1Q19 print on 5/8. We initiated in March with a positive bias on FTDR based on its industry leading position in the home service plans vertical, which it should be able to leverage to continue to scale its core business as well as develop new products. These include an on-demand offering, which should better position the company for growth as it adapts to shifting consumer habits. We note that 75% revenue retention from its subscription model provides strong visibility into the top and bottom lines, further supporting the stock.””
Other analysts have also recently issued research reports about the stock. Guggenheim assumed coverage on shares of Frontdoor in a research note on Monday, April 8th. They set a “buy” rating and a $40.00 target price for the company. William Blair assumed coverage on shares of Frontdoor in a research note on Tuesday, March 26th. They set an “outperform” rating and a $32.40 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a research note on Monday, March 25th. They set an “overweight” rating and a $41.00 target price for the company. Raymond James assumed coverage on shares of Frontdoor in a research note on Thursday, April 25th. They set an “outperform” rating and a $42.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on shares of Frontdoor in a research note on Wednesday, April 24th. They set a “buy” rating and a $41.00 target price for the company. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Frontdoor has an average rating of “Buy” and a consensus target price of $42.12.
FTDR stock opened at $35.00 on Tuesday. The stock has a market cap of $2.98 billion and a PE ratio of 19.77. Frontdoor has a 52 week low of $20.66 and a 52 week high of $49.92.
Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, February 27th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.15. The company had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $277.87 million. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. As a group, research analysts forecast that Frontdoor will post 1.45 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FTDR. Janus Henderson Group PLC purchased a new stake in Frontdoor during the 1st quarter valued at about $210,453,000. Iridian Asset Management LLC CT acquired a new position in Frontdoor in the 1st quarter valued at about $145,676,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Frontdoor in the 1st quarter valued at about $59,584,000. Chilton Investment Co. LLC acquired a new position in Frontdoor in the 1st quarter valued at about $34,011,000. Finally, Boston Partners acquired a new position in Frontdoor in the 1st quarter valued at about $24,039,000. 76.25% of the stock is owned by institutional investors.
frontdoor, inc. provides home service plans 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.
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