Frontdoor Inc. (NASDAQ:FTDR) Given Average Recommendation of “Hold” by Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $59.75.

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Zacks Research downgraded shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th.

Frontdoor Stock Performance

Shares of FTDR stock opened at $61.26 on Friday. The company has a market cap of $4.42 billion, a P/E ratio of 17.45 and a beta of 1.31. The business has a 50 day moving average of $55.01 and a two-hundred day moving average of $59.70. Frontdoor has a 52 week low of $35.61 and a 52 week high of $70.14. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. During the same period in the prior year, the firm earned $1.38 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, analysts anticipate that Frontdoor will post 3.07 EPS for the current year.

Hedge Funds Weigh In On Frontdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Frontdoor by 2.5% during the 3rd quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock valued at $74,612,000 after acquiring an additional 27,410 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Frontdoor by 2.7% during the third quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock valued at $65,156,000 after purchasing an additional 25,613 shares during the period. Broad Bay Capital Management LP bought a new stake in shares of Frontdoor during the second quarter valued at about $46,886,000. Fiera Capital Corp raised its stake in shares of Frontdoor by 2.1% during the second quarter. Fiera Capital Corp now owns 744,718 shares of the company’s stock valued at $43,894,000 after purchasing an additional 15,295 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Frontdoor by 4.7% in the second quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock worth $41,216,000 after purchasing an additional 31,087 shares during the period.

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.