Wall Street Zen Downgrades Frontdoor (NASDAQ:FTDR) to Hold

by · The Cerbat Gem

Frontdoor (NASDAQ:FTDR – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on FTDR. Oppenheimer upped their price target on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Zacks Research downgraded Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Truist Financial lifted their target price on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Frontdoor presently has an average rating of “Hold” and an average price target of $59.75.

View Our Latest Report on FTDR

Frontdoor Stock Down 3.3%

Shares of FTDR stock traded down $1.64 during trading hours on Friday, hitting $48.78. 78,436 shares of the company were exchanged, compared to its average volume of 704,426. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.93 and a beta of 1.35. Frontdoor has a one year low of $35.61 and a one year high of $70.14. The business’s 50-day simple moving average is $65.26 and its two-hundred day simple moving average is $59.39. The company has a debt-to-equity ratio of 3.64, a quick ratio of 1.73 and a current ratio of 1.73.

Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. During the same quarter in the prior year, the firm posted $1.38 earnings per share. Frontdoor’s revenue for the quarter was up 14.4% compared to the same quarter last year. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that Frontdoor will post 3.07 EPS for the current fiscal year.

Institutional Trading of Frontdoor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in shares of Frontdoor by 0.9% in the 3rd quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock valued at $1,464,000 after acquiring an additional 193 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in Frontdoor by 0.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock worth $1,986,000 after acquiring an additional 200 shares during the period. Smartleaf Asset Management LLC lifted its position in Frontdoor by 10.4% during the 3rd 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 last quarter. GAMMA Investing LLC lifted its position in Frontdoor by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,726 shares of the company’s stock worth $251,000 after acquiring an additional 240 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in Frontdoor by 4.1% during the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock valued at $378,000 after acquiring an additional 250 shares during the period.

About Frontdoor

(Get Free Report)

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.

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