Wells Fargo & Company Increases Frontdoor (NASDAQ:FTDR) Price Target to $39.00

Frontdoor (NASDAQ:FTDR) had its target price increased by Wells Fargo & Company from $36.00 to $39.00 in a research note released on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

Frontdoor Stock Up 1.5 %

Shares of FTDR opened at $36.65 on Monday. The firm has a market cap of $2.85 billion, a P/E ratio of 16.07 and a beta of 0.89. Frontdoor has a 12 month low of $28.25 and a 12 month high of $38.97. The stock’s 50 day moving average is $31.58 and its two-hundred day moving average is $32.92. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Analysts predict that Frontdoor will post 2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

Several institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in shares of Frontdoor by 9,892.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock valued at $49,000 after acquiring an additional 1,385 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in Frontdoor during the 4th quarter worth $49,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Frontdoor during the fourth quarter worth $71,000. Quadrant Capital Group LLC raised its position in shares of Frontdoor by 13.7% in the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock valued at $100,000 after buying an additional 341 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Frontdoor in the third quarter worth about $88,000.

About Frontdoor

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.