JPMorgan Chase & Co. Issues Positive Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Frontdoor (NASDAQ:FTDR) had its target price boosted by JPMorgan Chase & Co. from $50.00 to $55.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also commented on FTDR. The Goldman Sachs Group reduced their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Monday, March 3rd. Truist Financial boosted their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th.

Frontdoor Stock Up 0.6%

FTDR opened at $56.84 on Tuesday. The company has a fifty day moving average price of $46.39 and a 200-day moving average price of $51.12. The firm has a market capitalization of $4.18 billion, a P/E ratio of 18.82 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor has a one year low of $32.95 and a one year high of $63.49.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.27. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts expect that Frontdoor will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 525 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Frontdoor in the first quarter worth $42,000. TD Private Client Wealth LLC grew its position in Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after acquiring an additional 183 shares in the last quarter. Blue Trust Inc. grew its position in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after acquiring an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC purchased a new position in Frontdoor in the fourth quarter worth $96,000.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers 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 heating, ventilation, and air conditioning systems.