Frontdoor (NASDAQ:FTDR) Raised to “Hold” at The Goldman Sachs Group

Frontdoor (NASDAQ:FTDR) was upgraded by The Goldman Sachs Group to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

FTDR has been the subject of several other research reports. Truist Financial upped their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Benchmark upped their target price on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. began coverage on shares of Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective for the company. Weiss Ratings cut Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Finally, Oppenheimer increased their price target on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.40.

Frontdoor Price Performance

FTDR stock opened at $77.83 on Monday. Frontdoor has a 1 year low of $48.47 and a 1 year high of $93.43. The business’s 50-day moving average is $80.37 and its two-hundred day moving average is $71.34. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $5.36 billion, a P/E ratio of 20.64 and a beta of 1.53.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The company had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts anticipate that Frontdoor will post 4.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Institutional investors have recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. purchased a new position in Frontdoor in the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Frontdoor during the second quarter worth about $58,000. Global Retirement Partners LLC purchased a new stake in shares of Frontdoor during the second quarter worth about $83,000. Plato Investment Management Ltd purchased a new stake in shares of Frontdoor during the second quarter worth about $83,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Frontdoor in the second quarter worth about $100,000.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.