Frontdoor (NASDAQ:FTDR) PT Raised to $33.00 at Wells Fargo & Company

Frontdoor (NASDAQ:FTDR – Get Rating) had its price objective raised by equities research analysts at Wells Fargo & Company from $27.00 to $33.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 16.44% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Raymond James downgraded shares of Frontdoor from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. William Blair downgraded shares of Frontdoor from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.00.

Frontdoor Stock Performance

Shares of FTDR opened at $28.34 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 9.70. The stock has a market cap of $2.31 billion, a P/E ratio of 32.95 and a beta of 0.71. The company has a 50-day moving average of $25.55 and a two-hundred day moving average of $23.54. Frontdoor has a 12-month low of $19.06 and a 12-month high of $33.88.

Frontdoor (NASDAQ:FTDR – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.25. The business had revenue of $339.00 million during the quarter, compared to the consensus estimate of $333.26 million. Frontdoor had a net margin of 4.27% and a return on equity of 442.55%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, research analysts predict that Frontdoor will post 1.24 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

Institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. grew its holdings in Frontdoor by 38.3% in the second quarter. Shell Asset Management Co. now owns 13,985 shares of the company’s stock valued at $337,000 after purchasing an additional 3,874 shares during the period. Deutsche Bank AG grew its stake in Frontdoor by 8.6% during the second quarter. Deutsche Bank AG now owns 465,729 shares of the company’s stock worth $11,214,000 after buying an additional 36,908 shares during the period. Meeder Asset Management Inc. purchased a new stake in Frontdoor during the second quarter worth approximately $136,000. Victory Capital Management Inc. grew its stake in Frontdoor by 46.6% during the third quarter. Victory Capital Management Inc. now owns 26,201 shares of the company’s stock worth $534,000 after buying an additional 8,324 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in Frontdoor during the second quarter worth approximately $37,000.

Frontdoor Company Profile

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Frontdoor, Inc engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.