Analysts Set Frontdoor Inc. (NASDAQ:FTDR) PT at $59.75

Shares of Frontdoor Inc. (NASDAQ:FTDR) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $59.75.

Several equities research analysts recently commented on FTDR shares. Zacks Research cut Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th.

Frontdoor Trading Down 0.6%

Shares of NASDAQ FTDR opened at $59.95 on Friday. The firm’s 50 day moving average price is $54.79 and its 200-day moving average price is $59.74. Frontdoor has a 52-week low of $35.61 and a 52-week high of $70.14. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $4.32 billion, a PE ratio of 17.08 and a beta of 1.31.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The company 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 business earned $1.38 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts expect that Frontdoor will post 3.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

A number of hedge funds have recently added to or reduced their stakes in FTDR. AQR Capital Management LLC boosted its stake in shares of Frontdoor by 100.5% in the 1st quarter. AQR Capital Management LLC now owns 154,842 shares of the company’s stock worth $5,788,000 after buying an additional 77,599 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Frontdoor by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares during the last quarter. Millennium Management LLC boosted its position in Frontdoor by 533.0% in the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after purchasing an additional 1,044 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after purchasing an additional 13,134 shares during the last quarter.

Frontdoor Company Profile

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.