Frontdoor Inc. (NASDAQ:FTDR) Receives Average Rating of “Moderate Buy” from Analysts

Frontdoor Inc. (NASDAQ:FTDR) has earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $68.60.

FTDR has been the topic of several analyst reports. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and increased their price target for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Oppenheimer restated an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. Truist Financial set a $71.00 price objective on Frontdoor in a research report on Monday, January 26th. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th.

Frontdoor Price Performance

NASDAQ FTDR opened at $54.58 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73. Frontdoor has a 12-month low of $35.61 and a 12-month high of $70.77. The company has a 50 day moving average price of $59.44 and a two-hundred day moving average price of $59.73. The stock has a market capitalization of $3.85 billion, a PE ratio of 16.01 and a beta of 1.41.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, February 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. The firm had revenue of $433.00 million for the quarter, compared to the consensus estimate of $421.62 million. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, equities analysts predict that Frontdoor will post 3.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

A number of institutional investors have recently added to or reduced their stakes in FTDR. Salomon & Ludwin LLC acquired a new position in shares of Frontdoor in the 3rd quarter worth approximately $35,000. Private Trust Co. NA boosted its stake in Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the period. Quarry LP grew its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the period. Finally, Global Retirement Partners LLC raised its stake in Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after acquiring an additional 1,089 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.