Frontdoor (NASDAQ:FTDR) Upgraded at Wall Street Zen

Frontdoor (NASDAQ:FTDR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Thursday. Oppenheimer increased their price target on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their target price on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.75.

Frontdoor Trading Down 0.7%

Frontdoor stock opened at $51.14 on Friday. The firm has a market cap of $3.69 billion, a PE ratio of 14.57 and a beta of 1.35. Frontdoor has a 12 month low of $35.61 and a 12 month high of $70.14. The stock’s 50 day simple moving average is $64.15 and its two-hundred day simple moving average is $59.62. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The firm had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. During the same period in the previous year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts anticipate that Frontdoor will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On Frontdoor

Large investors have recently modified their holdings of the business. Bessemer Group Inc. increased its position in shares of Frontdoor by 322.1% during the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 393 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Frontdoor during the third quarter valued at about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor during the first quarter valued at about $42,000. EverSource Wealth Advisors LLC raised its stake in shares of Frontdoor by 164.6% in the 2nd 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. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Frontdoor in the 2nd quarter worth approximately $72,000.

Frontdoor Company Profile

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.