Frontdoor Inc. (NASDAQ:FTDR) Receives $61.50 Average Price Target from Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $65.75.

FTDR has been the subject of several research reports. Wall Street Zen raised shares of Frontdoor from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 29th. Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and raised their price target for the stock from $50.00 to $67.00 in a research note on Monday. Finally, Truist Financial set a $71.00 price objective on Frontdoor in a report on Monday, January 26th.

Institutional Investors Weigh In On Frontdoor

Several hedge funds and other institutional investors have recently made changes to their positions in FTDR. Arizona State Retirement System boosted its holdings in shares of Frontdoor by 0.9% in the third quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock worth $1,464,000 after buying an additional 193 shares during the last quarter. Park Avenue Securities LLC raised its position in Frontdoor by 4.0% in the fourth 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. Nisa Investment Advisors LLC raised 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 worth $119,000 after acquiring an additional 217 shares during the period. Smartleaf Asset Management LLC raised its position in Frontdoor by 10.4% in the third quarter. Smartleaf Asset Management LLC now owns 2,470 shares of the company’s stock worth $165,000 after acquiring an additional 233 shares during the period. Finally, Optivise Advisory Services LLC boosted its stake in shares of Frontdoor by 6.9% during the 4th quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock worth $210,000 after acquiring an additional 235 shares during the last quarter.

Frontdoor Trading Down 1.8%

Shares of NASDAQ:FTDR opened at $67.90 on Monday. 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 has a 1 year low of $35.61 and a 1 year high of $70.77. The company has a market cap of $4.80 billion, a P/E ratio of 19.91 and a beta of 1.31. The stock’s fifty day moving average price is $59.12 and its 200-day moving average price is $60.02.

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

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.