Brokerages Set Frontdoor Inc. (NASDAQ:FTDR) PT at $59.75

Frontdoor Inc. (NASDAQ:FTDR) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.75.

A number of equities research analysts have issued reports on FTDR shares. Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Finally, Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th.

Institutional Trading of Frontdoor

Hedge funds have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in Frontdoor in the third quarter worth approximately $35,000. Bessemer Group Inc. lifted its position in shares of Frontdoor by 322.1% during the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 393 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 497 shares in the last quarter. Quarry LP raised its stake in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Frontdoor in the second quarter valued at $72,000.

Frontdoor Trading Up 0.3%

Shares of NASDAQ FTDR opened at $60.70 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. The stock has a market capitalization of $4.38 billion, a PE ratio of 17.29 and a beta of 1.31. Frontdoor has a twelve month low of $35.61 and a twelve month high of $70.14. The stock has a fifty day simple moving average of $55.12 and a 200-day simple moving average of $59.76.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The company had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.Frontdoor’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. On average, equities analysts forecast that Frontdoor will post 3.07 earnings per share for the current year.

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.