Shares of Frontdoor Inc (NASDAQ:FTDR) have been given an average rating of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.63.
Several research analysts recently commented on the stock. Wells Fargo & Co downgraded shares of Frontdoor from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $50.00 to $55.00 in a report on Thursday, September 26th. Zacks Investment Research cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Guggenheim boosted their target price on shares of Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a report on Monday, August 19th. ValuEngine downgraded Frontdoor from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $54.00 price target on shares of Frontdoor in a report on Monday, November 11th.
NASDAQ FTDR opened at $43.61 on Tuesday. The company has a market cap of $3.89 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.62 and a beta of -0.68. Frontdoor has a 52 week low of $21.62 and a 52 week high of $53.29. The firm’s 50-day simple moving average is $45.86 and its two-hundred day simple moving average is $46.53.
Frontdoor (NASDAQ:FTDR) last posted its earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $411.14 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Frontdoor will post 1.83 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTDR. Steward Partners Investment Advisory LLC increased its position in shares of Frontdoor by 67.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock worth $33,000 after purchasing an additional 280 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in shares of Frontdoor during the 3rd quarter worth $38,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Frontdoor during the 2nd quarter worth $40,000. Quantamental Technologies LLC purchased a new position in Frontdoor in the second quarter worth $74,000. Finally, Aperio Group LLC purchased a new position in Frontdoor in the second quarter worth $78,000.
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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