Frontdoor Inc. (NASDAQ:FTDR) Receives $68.60 Consensus Target Price from Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $68.60.

Several equities analysts have recently issued reports on the company. Truist Financial set a $71.00 target price on Frontdoor in a report on Monday, January 26th. Benchmark initiated coverage on Frontdoor in a research report on Thursday. They issued a “buy” rating and a $80.00 price objective on the stock. Oppenheimer restated an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd.

Institutional Trading of Frontdoor

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Frontdoor during the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its holdings in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the period. Quarry LP raised its holdings in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares during the last quarter.

Frontdoor Price Performance

FTDR opened at $53.64 on Friday. Frontdoor has a fifty-two week low of $35.61 and a fifty-two week high of $70.77. The firm has a market capitalization of $3.79 billion, a P/E ratio of 15.73 and a beta of 1.31. The company’s 50-day moving average is $59.93 and its 200 day moving average is $60.00. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.55 and a quick ratio of 1.55.

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

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.