Analysts Set Frontdoor Inc. (NASDAQ:FTDR) PT at $72.00

Frontdoor Inc. (NASDAQ:FTDR) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $72.00.

Several research analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $70.00 price target on shares of Frontdoor in a report on Thursday, February 26th. Benchmark assumed coverage on shares of Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 price target for the company. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their price target for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. Finally, Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $68.83 on Wednesday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. Frontdoor has a 12 month low of $48.47 and a 12 month high of $70.77. The firm has a market capitalization of $4.83 billion, a PE ratio of 19.72 and a beta of 1.50. The business’s fifty day moving average price is $61.90 and its 200 day moving average price is $59.52.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million during the quarter, compared to the consensus estimate of $442.28 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Frontdoor’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Frontdoor will post 4.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its position in Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares in the last quarter. Quarry LP lifted its holdings in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Frontdoor during the 3rd quarter valued at $87,000.

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.