Frontdoor (NASDAQ:FTDR) Upgraded at Benchmark

Benchmark upgraded shares of Frontdoor (NASDAQ:FTDR) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also commented on FTDR. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $67.00 in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. Truist Financial set a $71.00 price target on shares of Frontdoor in a research report on Monday, January 26th. Finally, Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Frontdoor currently has an average rating of “Moderate Buy” and an average price target of $68.60.

Frontdoor Stock Performance

Shares of FTDR stock opened at $53.64 on Wednesday. The stock has a fifty day moving average price of $59.93 and a 200 day moving average price of $60.06. The stock has a market cap of $3.79 billion, a PE ratio of 15.73 and a beta of 1.31. Frontdoor has a 1 year low of $35.61 and a 1 year high of $70.77. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTDR. Private Trust Co. NA boosted 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 purchasing an additional 405 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of Frontdoor during the third quarter worth about $35,000. EverSource Wealth Advisors LLC raised its position in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the last quarter. Quarry LP raised its position in shares of Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares during the period.

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.