Frontdoor Inc. (NASDAQ:FTDR) Receives $59.75 Average Target Price from Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $59.75.

FTDR has been the subject of several research analyst reports. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th.

Frontdoor Stock Down 0.7%

Shares of FTDR stock opened at $56.28 on Thursday. The company’s fifty day simple moving average is $57.66 and its two-hundred day simple moving average is $59.75. Frontdoor has a 52 week low of $35.61 and a 52 week high of $70.14. The stock has a market cap of $4.06 billion, a P/E ratio of 16.03 and a beta of 1.34. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64.

Hedge Funds Weigh In On Frontdoor

Large investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its position in Frontdoor by 0.9% in the third quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock worth $1,464,000 after buying an additional 193 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Frontdoor by 4.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after acquiring an additional 198 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Frontdoor by 0.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock worth $1,986,000 after purchasing an additional 200 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Frontdoor by 11.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock worth $119,000 after purchasing an additional 217 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Frontdoor by 10.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,470 shares of the company’s stock valued at $165,000 after purchasing an additional 233 shares during the last quarter.

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.