Wells Fargo & Company Raises Frontdoor (NASDAQ:FTDR) Price Target to $39.00

Frontdoor (NASDAQ:FTDR) had its price target raised by Wells Fargo & Company from $36.00 to $39.00 in a research note released on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $36.12 on Monday. The stock’s 50-day simple moving average is $31.48 and its 200-day simple moving average is $32.89. The firm has a market capitalization of $2.81 billion, a PE ratio of 15.84 and a beta of 0.89. Frontdoor has a fifty-two week low of $28.25 and a fifty-two week high of $38.97. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The company had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Frontdoor will post 2.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Frontdoor in the 4th quarter valued at about $49,000. Parkside Financial Bank & Trust boosted its holdings in shares of Frontdoor by 9,892.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock valued at $49,000 after acquiring an additional 1,385 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Frontdoor in the fourth quarter valued at approximately $71,000. Acadian Asset Management LLC purchased a new position in shares of Frontdoor during the third quarter worth approximately $88,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Frontdoor by 13.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock valued at $100,000 after acquiring an additional 341 shares during the period.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.