Benchmark Issues Positive Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Frontdoor (NASDAQ:FTDR) had its target price upped by investment analysts at Benchmark from $80.00 to $96.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 3.75% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a report on Friday. Truist Financial raised their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday. Finally, Oppenheimer boosted their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Frontdoor presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Frontdoor Price Performance

FTDR traded up $2.61 on Friday, reaching $92.53. The company had a trading volume of 400,154 shares, compared to its average volume of 614,230. The business has a 50 day simple moving average of $72.41 and a 200 day simple moving average of $64.54. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 26.54 and a beta of 1.47. Frontdoor has a 52-week low of $48.47 and a 52-week high of $93.43. 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $643.40 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 EPS. As a group, sell-side analysts anticipate that Frontdoor will post 4.48 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FTDR. Private Trust Co. NA grew its holdings in Frontdoor by 256.3% in the fourth 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 last quarter. EverSource Wealth Advisors LLC grew its position in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the period. Quarry LP lifted its position in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after buying an additional 1,089 shares during the period. Finally, Plato Investment Management Ltd purchased a new position in Frontdoor in the 2nd quarter valued at about $83,000.

Trending Headlines about Frontdoor

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Frontdoor reported second-quarter adjusted EPS of $1.93, ahead of the $1.76 analyst consensus and up from $1.63 a year ago. Revenue rose 4.5% year over year to $645 million, slightly exceeding estimates of $643.4 million. Frontdoor Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised its full-year revenue outlook to approximately $2.19 billion-$2.21 billion and forecast third-quarter revenue of $642 million-$652 million, above the $641.1 million consensus. The outlook reflects returning membership growth and margin expansion. Frontdoor Plans Buybacks and Raises Revenue Outlook
• Positive Sentiment: Frontdoor plans to repurchase approximately $330 million of stock in 2026. The buyback authorization may support per-share earnings and signals management confidence in cash generation. Frontdoor Plans Buybacks and Raises Revenue Outlook
• Positive Sentiment: Truist raised its price target from $82 to $105 and upgraded or reaffirmed the stock with a “Buy” rating, providing additional support for the bullish view. Benzinga report
• Neutral Sentiment: Although quarterly results exceeded consensus, some coverage characterized the report as broadly in line with expectations, making the guidance increase and buyback plan the more important incremental catalysts. Frontdoor Q2 Results and Outlook

About Frontdoor

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.