Frontdoor Inc. (NASDAQ:FTDR) Given Average Recommendation of “Moderate Buy” by Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $72.00.

A number of research analysts have recently commented on FTDR shares. Benchmark initiated coverage on shares of Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Boston Partners raised its stake in Frontdoor by 8.5% in the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock valued at $333,742,000 after purchasing an additional 454,040 shares in the last quarter. Marshall Wace LLP acquired a new stake in Frontdoor during the third quarter worth about $23,871,000. Reinhart Partners LLC. increased its holdings in Frontdoor by 25.6% in the 4th quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock valued at $93,987,000 after buying an additional 332,556 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Frontdoor by 309.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock valued at $25,429,000 after buying an additional 326,112 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Frontdoor by 791.6% in the 1st quarter. Empowered Funds LLC now owns 359,360 shares of the company’s stock valued at $18,996,000 after buying an additional 319,053 shares in the last quarter.

Frontdoor Stock Up 4.2%

Frontdoor stock opened at $76.17 on Friday. The company has a 50 day moving average of $67.75 and a 200-day moving average of $62.27. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor has a twelve month low of $48.47 and a twelve month high of $80.73. The stock has a market capitalization of $5.35 billion, a PE ratio of 21.83 and a beta of 1.46.

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