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

Shares of Frontdoor Inc. (NASDAQ:FTDR) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $92.60.

FTDR has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Wolfe Research raised shares of Frontdoor to an “outperform” rating in a report on Monday, August 24th. Truist Financial upped their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. began coverage on Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds have recently modified their holdings of FTDR. Keating Financial Advisory Services Inc. acquired a new position in shares of Frontdoor in the 2nd quarter valued at approximately $25,000. Public Employees Retirement System of Ohio acquired a new stake in Frontdoor during the 2nd quarter worth approximately $58,000. Global Retirement Partners LLC lifted its stake in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares in the last quarter. Plato Investment Management Ltd bought a new position in Frontdoor in the second quarter valued at approximately $83,000. Finally, Huntington National Bank lifted its stake in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after buying an additional 273 shares in the last quarter.

Frontdoor Price Performance

Frontdoor stock opened at $71.88 on Friday. The firm has a market capitalization of $4.95 billion, a P/E ratio of 19.07 and a beta of 1.50. Frontdoor has a 1 year low of $48.47 and a 1 year high of $93.43. The business has a 50-day moving average of $79.63 and a 200-day moving average of $69.96. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.Frontdoor’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 EPS. On average, equities analysts anticipate that Frontdoor will post 4.67 EPS for the current year.

Frontdoor Company Profile

Frontdoor, Inc is a provider of home warranties and home service plans in the United States. The company helps homeowners manage the cost and convenience of repairing or replacing covered household systems and appliances, including heating and cooling equipment, plumbing, electrical systems and kitchen appliances.

Frontdoor operates through well-known brands that include American Home Shield, HSA Home Warranty and 2-10 Home Buyers Warranty. Its offerings are sold directly to consumers and through real estate professionals, builders and other business partners, with plans and services designed for homeowners, home sellers and home buyers.

Frontdoor became an independent public company in 2018 after separating from ServiceMaster, now known as Terminix.