Frontdoor Inc. (NASDAQ:FTDR) Receives $59.75 Average Target Price from Analysts

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $59.75.

FTDR has been the topic of a number of research reports. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th.

Frontdoor Stock Up 0.3%

FTDR opened at $57.33 on Thursday. Frontdoor has a one year low of $35.61 and a one year 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 stock has a market capitalization of $4.13 billion, a P/E ratio of 16.33 and a beta of 1.34. The business’s 50-day simple moving average is $57.46 and its 200-day simple moving average is $59.81.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $610.77 million. During the same quarter last year, the business posted $1.38 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts anticipate that Frontdoor will post 3.07 EPS for the current year.

Institutional Trading of Frontdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in shares of Frontdoor by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock valued at $1,464,000 after buying an additional 193 shares during the period. Park Avenue Securities LLC boosted its holdings in Frontdoor by 4.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after acquiring an additional 198 shares during the period. KLP Kapitalforvaltning AS grew its position in Frontdoor by 0.6% in the second quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock valued at $1,986,000 after acquiring an additional 200 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Frontdoor by 11.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock valued at $119,000 after acquiring an additional 217 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Frontdoor by 10.4% during the third quarter. Smartleaf Asset Management LLC now owns 2,470 shares of the company’s stock valued at $165,000 after purchasing an additional 233 shares during the period.

About Frontdoor

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.