Frontdoor, Inc. (NASDAQ:FTDR – Get Free Report) has received an average recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $38.40.
FTDR has been the subject of a number of analyst reports. TheStreet raised shares of Frontdoor from a “c” rating to a “b-” rating in a report on Wednesday, August 2nd. Oppenheimer boosted their price target on shares of Frontdoor from $34.00 to $44.00 in a report on Friday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $38.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. The Goldman Sachs Group boosted their price target on shares of Frontdoor from $23.00 to $30.00 and gave the company a “sell” rating in a report on Thursday, August 3rd. Finally, Truist Financial boosted their price target on shares of Frontdoor from $35.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, August 3rd.
View Our Latest Stock Report on Frontdoor
Insider Activity at Frontdoor
Institutional Investors Weigh In On Frontdoor
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Frontdoor by 5.9% during the 2nd quarter. BlackRock Inc. now owns 13,891,766 shares of the company’s stock worth $443,147,000 after buying an additional 769,145 shares in the last quarter. Vanguard Group Inc. lifted its position in Frontdoor by 15.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,758,236 shares of the company’s stock worth $178,581,000 after buying an additional 1,172,788 shares in the last quarter. Mackenzie Financial Corp lifted its position in Frontdoor by 3.5% during the 4th quarter. Mackenzie Financial Corp now owns 5,555,863 shares of the company’s stock worth $115,562,000 after buying an additional 189,141 shares in the last quarter. Boston Partners lifted its position in Frontdoor by 0.7% during the 2nd quarter. Boston Partners now owns 4,725,636 shares of the company’s stock worth $150,810,000 after buying an additional 31,825 shares in the last quarter. Finally, State Street Corp lifted its position in Frontdoor by 41.1% during the 3rd quarter. State Street Corp now owns 4,154,233 shares of the company’s stock worth $84,705,000 after buying an additional 1,210,749 shares in the last quarter.
Frontdoor Price Performance
FTDR opened at $30.55 on Friday. The company has a fifty day moving average price of $33.43 and a two-hundred day moving average price of $30.90. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.07 and a current ratio of 1.07. Frontdoor has a 52 week low of $19.06 and a 52 week high of $38.97. The firm has a market capitalization of $2.45 billion, a PE ratio of 19.58 and a beta of 0.72.
Frontdoor (NASDAQ:FTDR – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.32. Frontdoor had a net margin of 7.47% and a return on equity of 187.58%. The firm had revenue of $523.00 million during the quarter, compared to analyst estimates of $513.20 million. During the same quarter in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Frontdoor will post 1.65 earnings per share for the current year.
Frontdoor Company Profile
Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.
Read More
- Five stocks we like better than Frontdoor
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- 3 Reasons This Sleeping Giant Is About To Wake Up
- CD Calculator: Certificate of Deposit Calculator
- MarketBeat Week in Review – 9/18 – 9/22
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- 52-week Low Names To Tip The Upside Scale In Your Favor
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.
