Frontdoor (NASDAQ:FTDR) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Frontdoor (NASDAQ:FTDRGet Rating) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Frontdoor Inc. is the parent company of home service plan brands consisting of American Home Shield, HSA, Landmark and OneGuard. The company’s customizable home service plans help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. Frontdoor Inc. is based in TN, United States. “

Separately, Raymond James decreased their target price on Frontdoor from $55.00 to $40.00 and set an outperform rating for the company in a report on Friday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $41.00.

Shares of Frontdoor stock opened at $30.81 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 304.00. The company has a market cap of $2.53 billion, a PE ratio of 20.54, a P/E/G ratio of 0.97 and a beta of 0.44. The business has a 50 day moving average of $30.37 and a 200 day moving average of $34.47. Frontdoor has a 52 week low of $27.27 and a 52 week high of $54.57.

Frontdoor (NASDAQ:FTDRGet Rating) last announced its earnings results on Thursday, February 24th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). The business had revenue of $340.00 million for the quarter, compared to the consensus estimate of $336.11 million. Frontdoor had a net margin of 7.99% and a return on equity of 3,066.67%. Frontdoor’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. On average, research analysts anticipate that Frontdoor will post 1.76 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its holdings in Frontdoor by 0.3% in the third quarter. UBS Asset Management Americas Inc. now owns 133,212 shares of the company’s stock worth $5,582,000 after purchasing an additional 345 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Frontdoor by 11.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 4,386 shares of the company’s stock valued at $161,000 after acquiring an additional 459 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Frontdoor by 4.7% during the third quarter. LPL Financial LLC now owns 11,638 shares of the company’s stock valued at $488,000 after acquiring an additional 518 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Frontdoor by 14.6% during the third quarter. American Century Companies Inc. now owns 5,007 shares of the company’s stock valued at $210,000 after acquiring an additional 638 shares in the last quarter. Finally, We Are One Seven LLC increased its holdings in shares of Frontdoor by 8.0% during the third quarter. We Are One Seven LLC now owns 9,396 shares of the company’s stock valued at $350,000 after acquiring an additional 696 shares in the last quarter.

About Frontdoor (Get Rating)

Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems.

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