Frontdoor (NASDAQ:FTDR) Price Target Raised to $93.00

Frontdoor (NASDAQ:FTDR) had its target price upped by The Goldman Sachs Group from $81.00 to $93.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently commented on FTDR. Benchmark lifted their target price on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. started coverage on Frontdoor in a report on Monday, August 24th. They issued a “neutral” rating and a $95.00 price objective on the stock. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a report on Monday, August 24th. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, November 6th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Frontdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.80.

Frontdoor Trading Down 0.6%

Shares of NASDAQ:FTDR opened at $97.86 on Monday. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.75 and a quick ratio of 1.75. The business’s 50 day moving average price is $81.98 and its 200-day moving average price is $70.75. Frontdoor has a 1 year low of $48.90 and a 1 year high of $103.07. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.47 and a beta of 1.60.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.04. Frontdoor had a net margin of 12.96% and a return on equity of 124.74%. The business had revenue of $655.00 million during the quarter, compared to analysts’ expectations of $647.73 million. During the same quarter in the prior year, the company posted $1.58 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Frontdoor will post 4.77 earnings per share for the current fiscal year.

Institutional Trading of Frontdoor

A number of institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in Frontdoor during the third quarter valued at about $27,000. Landscape Capital Management L.L.C. bought a new stake in shares of Frontdoor during the third quarter valued at approximately $4,176,000. Voya Investment Management LLC increased its position in Frontdoor by 0.3% in the third quarter. Voya Investment Management LLC now owns 43,290 shares of the company’s stock worth $3,165,000 after purchasing an additional 116 shares during the period. Global Retirement Partners LLC lifted its holdings in Frontdoor by 382.9% in the third quarter. Global Retirement Partners LLC now owns 5,157 shares of the company’s stock valued at $377,000 after buying an additional 4,089 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Frontdoor during the third quarter worth about $2,311,000.

Frontdoor Company Profile

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.