Brokerages Set Frontdoor Inc (NASDAQ:FTDR) Price Target at $47.30

Frontdoor Inc (NASDAQ:FTDR) has been assigned a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $47.85.

A number of research analysts have weighed in on FTDR shares. Wells Fargo & Co lowered Frontdoor from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $50.00 to $55.00 in a research note on Thursday, September 26th. Buckingham Research lowered Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Wednesday, July 31st. SunTrust Banks set a $50.00 price target on Frontdoor and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research note on Saturday, August 10th. Finally, Raymond James increased their price target on Frontdoor from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th.

FTDR stock traded down $0.35 on Thursday, reaching $48.22. The company had a trading volume of 218,850 shares, compared to its average volume of 610,696. Frontdoor has a 1 year low of $20.66 and a 1 year high of $53.29. The company’s fifty day moving average is $50.70 and its 200 day moving average is $42.65. The company has a market cap of $4.08 billion and a P/E ratio of 27.24.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.23. Frontdoor had a negative return on equity of 44.16% and a net margin of 10.57%. The firm had revenue of $388.00 million for the quarter, compared to analyst estimates of $387.49 million. During the same quarter in the prior year, the company earned $0.62 EPS. Frontdoor’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Frontdoor will post 1.84 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Frontdoor by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,801,775 shares of the company’s stock worth $339,767,000 after buying an additional 421,097 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Frontdoor by 3.0% during the 2nd quarter. Janus Henderson Group PLC now owns 6,297,086 shares of the company’s stock worth $274,238,000 after buying an additional 182,818 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Frontdoor by 16.0% during the 2nd quarter. BlackRock Inc. now owns 3,847,270 shares of the company’s stock worth $167,549,000 after buying an additional 531,642 shares during the last quarter. FIL Ltd acquired a new stake in shares of Frontdoor during the 1st quarter worth $116,498,000. Finally, Longview Partners Guernsey LTD increased its holdings in shares of Frontdoor by 9.7% during the 2nd quarter. Longview Partners Guernsey LTD now owns 3,383,596 shares of the company’s stock worth $147,356,000 after buying an additional 299,316 shares during the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.

Frontdoor Company Profile

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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