Frontdoor Inc. (NASDAQ:FTDR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Frontdoor Inc. (NASDAQ:FTDR) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $68.60.

Several analysts have recently weighed in on FTDR shares. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Benchmark assumed coverage on shares of Frontdoor in a research report on Thursday. They set a “buy” rating and a $80.00 target price on the stock. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. Oppenheimer restated an “outperform” rating and issued a $70.00 price target on shares of Frontdoor in a research report on Thursday, February 26th. Finally, Truist Financial set a $71.00 price target on shares of Frontdoor in a research note on Monday, January 26th.

Frontdoor Trading Down 3.3%

NASDAQ FTDR opened at $55.84 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.73. Frontdoor has a twelve month low of $35.61 and a twelve month high of $70.77. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 16.38 and a beta of 1.31. The business’s fifty day moving average is $60.05 and its 200 day moving average is $60.14.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, sell-side analysts expect that Frontdoor will post 3.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTDR. Private Trust Co. NA grew its position in shares of Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Frontdoor during the third quarter worth about $35,000. EverSource Wealth Advisors LLC raised its position in shares of Frontdoor by 164.6% during the second 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 last quarter. Quarry LP lifted its stake in shares of Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after acquiring an additional 1,089 shares during the period.

Frontdoor Company Profile

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.