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

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $74.75.

Several equities research analysts have weighed in on FTDR shares. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Truist Financial set a $82.00 price objective on shares of Frontdoor in a research note on Friday, July 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA lifted its holdings in Frontdoor by 256.3% in the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after buying an additional 405 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares in the last quarter. Quarry LP raised its holdings in shares of Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares in the last quarter. Global Retirement Partners LLC lifted its stake in 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. Finally, Huntington National Bank lifted its stake in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares during the period.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $75.00 on Thursday. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. Frontdoor has a fifty-two week low of $48.47 and a fifty-two week high of $80.73. The firm has a market cap of $5.27 billion, a PE ratio of 21.49 and a beta of 1.46. The business has a 50 day moving average price of $70.52 and a 200-day moving average price of $63.82.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts predict that Frontdoor will post 4.48 earnings per share for the current year.

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.