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

Frontdoor Inc. (NASDAQ:FTDR) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $72.00.

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Benchmark initiated coverage on Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Weiss Ratings cut Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st.

Institutional Trading of Frontdoor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA boosted its stake in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 405 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the last quarter. Quarry LP boosted its holdings in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Frontdoor by 18.8% in the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after purchasing an additional 273 shares during the last quarter.

Frontdoor Price Performance

Shares of FTDR stock opened at $78.50 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor has a 12-month low of $48.47 and a 12-month high of $80.09. The firm has a fifty day moving average of $66.51 and a 200-day moving average of $61.66. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.49 and a beta of 1.46.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, equities research analysts forecast that Frontdoor will post 4.48 earnings per share for the current year.

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.