Frontdoor (NASDAQ:FTDR) Research Coverage Started at Benchmark

Benchmark started coverage on shares of Frontdoor (NASDAQ:FTDR) in a report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $80.00 target price on the stock.

Several other research analysts have also recently issued reports on FTDR. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Truist Financial set a $71.00 price objective on shares of Frontdoor in a report on Monday, January 26th. Oppenheimer reiterated an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their target price for the company from $50.00 to $67.00 in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.60.

Frontdoor Trading Down 3.9%

FTDR opened at $53.64 on Thursday. Frontdoor has a fifty-two week low of $35.61 and a fifty-two week high of $70.77. The firm has a market capitalization of $3.79 billion, a PE ratio of 15.73 and a beta of 1.31. The company has a debt-to-equity ratio of 4.73, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50-day moving average is $59.93 and its 200 day moving average is $60.02.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $421.62 million. Frontdoor had a return on equity of 120.79% and a net margin of 12.18%.The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, research analysts predict that Frontdoor will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of Frontdoor

A number of hedge funds have recently bought and sold shares of FTDR. Salomon & Ludwin LLC purchased a new position in Frontdoor in the third quarter worth $35,000. Private Trust Co. NA raised its stake in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after purchasing an additional 405 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the period. Quarry LP boosted its holdings in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after buying an additional 713 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after buying an additional 1,089 shares during the last quarter.

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.