Frontdoor Inc. (NASDAQ:FTDR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $68.60.

FTDR has been the topic of several research reports. Truist Financial set a $71.00 price target on Frontdoor in a research note on Monday, January 26th. Oppenheimer restated an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a research note on Thursday, February 26th. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and upped their price objective for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Finally, Benchmark assumed coverage on Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective on the stock.

Frontdoor Trading Down 0.3%

Shares of FTDR opened at $61.30 on Friday. Frontdoor has a 12-month low of $48.47 and a 12-month high of $70.77. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 17.56 and a beta of 1.55. The stock’s 50-day moving average price is $60.29 and its 200 day moving average price is $58.38.

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

Institutional Investors Weigh In On Frontdoor

Several large investors have recently modified their holdings of FTDR. Private Trust Co. NA grew its stake in shares of 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 purchasing an additional 405 shares during the period. EverSource Wealth Advisors LLC grew its position in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the last quarter. Quarry LP grew its position in Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the last quarter. Global Retirement Partners LLC grew its position in Frontdoor by 8,376.9% during the 4th 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 during the last quarter. Finally, LSV Asset Management bought a new stake in Frontdoor during the 3rd quarter worth approximately $87,000.

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.