Frontdoor Inc. (NASDAQ:FTDR) Stock Has Consensus Target Price of $95.40

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $95.40.

Several research firms recently issued reports on FTDR. Oppenheimer boosted their price target on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Truist Financial upped their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 target price 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, Benchmark increased their target price on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th.

Frontdoor Stock Performance

Shares of FTDR stock opened at $79.84 on Tuesday. The company has a fifty day moving average price of $79.82 and a two-hundred day moving average price of $72.04. Frontdoor has a one year low of $48.47 and a one year high of $93.43. The stock has a market cap of $5.50 billion, a P/E ratio of 21.18 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (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 analysts’ expectations of $643.40 million. During the same period in the prior year, the firm earned $1.63 EPS. Frontdoor’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that Frontdoor will post 4.67 EPS for the current year.

Institutional Investors Weigh In On Frontdoor

A number of institutional investors have recently added to or reduced their stakes in FTDR. Abel Hall LLC grew its stake in shares of Frontdoor by 6.0% during the 3rd quarter. Abel Hall LLC now owns 3,025 shares of the company’s stock worth $221,000 after acquiring an additional 170 shares during the period. State of Wyoming boosted its holdings in Frontdoor by 2.5% in the 1st quarter. State of Wyoming now owns 7,140 shares of the company’s stock worth $377,000 after buying an additional 177 shares during the period. Handelsbanken Fonder AB raised its holdings in Frontdoor by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $2,010,000 after acquiring an additional 200 shares during the period. Evolve Private Wealth LLC boosted its holdings in shares of Frontdoor by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 11,312 shares of the company’s stock worth $598,000 after acquiring an additional 312 shares during the period. Finally, Corient Private Wealth LP grew its position in shares of Frontdoor by 5.8% in the second quarter. Corient Private Wealth LP now owns 5,807 shares of the company’s stock valued at $447,000 after purchasing an additional 316 shares in the last quarter.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.