Frontdoor Inc. (NASDAQ:FTDR) Receives $59.75 Average PT from Analysts

Frontdoor Inc. (NASDAQ:FTDR) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $59.75.

Several brokerages recently weighed in on FTDR. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Truist Financial set a $71.00 target price on shares of Frontdoor in a report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTDR. Geode Capital Management LLC increased its holdings in Frontdoor by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after purchasing an additional 27,237 shares in the last quarter. Swedbank AB grew its holdings in shares of Frontdoor by 6.0% during the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after purchasing an additional 73,000 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Frontdoor by 2.5% during the third quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock worth $74,612,000 after purchasing an additional 27,410 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Frontdoor by 2.7% in the third quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock valued at $65,156,000 after buying an additional 25,613 shares during the period. Finally, Broad Bay Capital Management LP bought a new position in Frontdoor in the 2nd quarter valued at approximately $46,886,000.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $55.72 on Thursday. The company’s 50 day simple moving average is $57.51 and its 200 day simple moving average is $59.79. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.87 and a beta of 1.33. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. Frontdoor has a 1 year low of $35.61 and a 1 year high of $70.14.

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.