Frontdoor Inc. (NASDAQ:FTDR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Frontdoor Inc. (NASDAQ:FTDR) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $72.00.

Several equities research analysts have recently issued reports on the stock. Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th.

Institutional Investors Weigh In On Frontdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTDR. Boston Partners grew its holdings in shares of Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after buying an additional 454,040 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Frontdoor by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after buying an additional 27,237 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Frontdoor by 1.3% during the first quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock worth $97,780,000 after buying an additional 23,800 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after buying an additional 332,556 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of Frontdoor by 11.5% during the fourth quarter. Morgan Stanley now owns 1,485,123 shares of the company’s stock worth $85,677,000 after buying an additional 153,138 shares in the last quarter.

Frontdoor Trading Up 0.5%

Shares of NASDAQ FTDR opened at $70.13 on Wednesday. The firm’s 50 day moving average price is $62.51 and its 200-day moving average price is $59.79. The company has a market cap of $4.93 billion, a PE ratio of 20.09 and a beta of 1.50. Frontdoor has a 52-week low of $48.47 and a 52-week high of $71.63. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities research analysts expect that Frontdoor will post 4.48 EPS for the current fiscal year.

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.