Brokerages Set Frontdoor Inc. (NASDAQ:FTDR) Price Target at $68.60
by Jessica Moore · The Cerbat GemFrontdoor Inc. (NASDAQ:FTDR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $68.60.
Several research analysts have recently issued reports on FTDR shares. Truist Financial set a $71.00 price objective on Frontdoor in a research report on Monday, January 26th. Benchmark began coverage on Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and upped their target price for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research report on Thursday, February 26th.
Read Our Latest Analysis on FTDR
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Frontdoor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares during the last quarter. Millennium Management LLC grew its position in Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the last quarter. Empowered Funds LLC grew its position in Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after purchasing an additional 1,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after acquiring an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in 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.
Frontdoor Trading Down 1.6%
NASDAQ:FTDR opened at $60.50 on Tuesday. The stock has a 50-day simple moving average of $59.91 and a 200-day simple moving average of $58.71. The stock has a market cap of $4.27 billion, a P/E ratio of 17.74 and a beta of 1.41. Frontdoor has a 1 year low of $40.00 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 – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. The business had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $421.62 million. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. As a group, analysts anticipate that Frontdoor will post 4.41 earnings per share for the current fiscal 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.