Frontdoor (NASDAQ:FTDR) Now Covered by Analysts at Benchmark

Benchmark assumed coverage on shares of Frontdoor (NASDAQ:FTDR) in a report released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $80.00 target price on the stock.

FTDR has been the subject of a number of other reports. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Truist Financial set a $71.00 target price on shares of Frontdoor in a report on Monday, January 26th. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Oppenheimer reissued an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $55.84 on Thursday. Frontdoor has a twelve month low of $35.61 and a twelve month high of $70.77. The stock’s 50 day moving average is $60.05 and its 200-day moving average is $60.14. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 16.38 and a beta of 1.31.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.12. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $421.62 million. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. Frontdoor’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Sell-side analysts forecast that Frontdoor will post 3.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several institutional investors and hedge funds have recently bought and sold shares of FTDR. Salomon & Ludwin LLC bought a new stake in shares of Frontdoor in the third quarter valued at $35,000. Private Trust Co. NA grew its stake in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 405 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares during the period. Quarry LP increased its holdings in Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 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.