Frontdoor (NASDAQ:FTDR) Given New $105.00 Price Target at Truist Financial

Frontdoor (NASDAQ:FTDR) had its target price upped by Truist Financial from $82.00 to $105.00 in a report issued on Friday morning, Marketbeat.com reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “neutral” rating on shares of Frontdoor in a report on Friday. Finally, Oppenheimer boosted their price objective on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.00.

Frontdoor Stock Up 1.0%

Shares of FTDR stock opened at $90.83 on Friday. Frontdoor has a 12 month low of $48.47 and a 12 month high of $93.43. The company has a 50 day simple moving average of $72.99 and a two-hundred day simple moving average of $64.73. The company has a current ratio of 1.59, a quick ratio of 1.47 and a debt-to-equity ratio of 3.98. The stock has a market cap of $6.38 billion, a P/E ratio of 24.09 and a beta of 1.47.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The firm had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. During the same period in the prior year, the business posted $1.63 EPS. Frontdoor’s revenue was up 4.5% on a year-over-year basis. On average, research analysts expect that Frontdoor will post 4.48 earnings per share for the current year.

Hedge Funds Weigh In On Frontdoor

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Frontdoor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares in the last quarter. Millennium Management LLC raised its holdings in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after acquiring an additional 1,044 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Frontdoor by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after purchasing an additional 13,134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake 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 buying an additional 497 shares during the last quarter.

Key Headlines Impacting Frontdoor

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Q2 earnings beat expectations: Frontdoor reported adjusted earnings of $1.93 per share, above the $1.76–$1.78 analyst estimates and up from $1.63 a year ago. Revenue increased 4.5% year over year to $645 million, modestly ahead of the $643.4 million consensus. Frontdoor Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Guidance and operating trends improved: Management raised its full-year revenue outlook to approximately $2.19 billion–$2.21 billion. The outlook reflects returning membership growth and margin expansion, while third-quarter revenue guidance of $642 million–$652 million is above the $641.1 million consensus. FTDR Q2 Deep Dive
• Positive Sentiment: Shareholder returns support sentiment: Frontdoor plans to repurchase up to $330 million of its shares in 2026, which could reduce the share count and provide additional support for earnings per share. Frontdoor Plans 2026 Buybacks
• Positive Sentiment: Analysts became more bullish: Benchmark raised its price target from $80 to $96 and assigned a Buy rating, while Truist increased its target from $82 to $105 and also rated the stock Buy. The revisions indicate greater confidence in Frontdoor’s earnings outlook following the quarterly results. Benzinga analyst updates

About Frontdoor

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.