Frontdoor (NASDAQ:FTDR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Frontdoor (NASDAQ:FTDR) from a hold rating to a buy rating in a report issued on Sunday.

Several other analysts have also commented on FTDR. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Oppenheimer upped their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on shares of Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a research note on Thursday, November 13th. Finally, The Goldman Sachs Group increased their price target on shares of Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $59.75.

Frontdoor Trading Up 0.8%

NASDAQ:FTDR opened at $49.47 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 14.09 and a beta of 1.35. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor has a 12 month low of $35.61 and a 12 month high of $70.14. The firm has a fifty day simple moving average of $63.51 and a 200-day simple moving average of $59.75.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $610.77 million. During the same period in the prior year, the firm earned $1.38 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. Frontdoor has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Frontdoor will post 3.07 earnings per share for the current year.

Institutional Investors Weigh In On Frontdoor

A number of institutional investors have recently added to or reduced their stakes in FTDR. Ethic Inc. acquired a new position in shares of Frontdoor during the second quarter valued at approximately $222,000. Vanguard Personalized Indexing Management LLC acquired a new position in Frontdoor in the 2nd quarter valued at $348,000. Wealth Enhancement Advisory Services LLC purchased a new position in Frontdoor in the 2nd quarter valued at $247,000. RiverGlades Family Offices LLC purchased a new position in Frontdoor in the 2nd quarter valued at $236,000. Finally, New York State Common Retirement Fund boosted its stake in Frontdoor by 775.3% during the 1st quarter. New York State Common Retirement Fund now owns 212,552 shares of the company’s stock worth $8,166,000 after purchasing an additional 188,268 shares during the last quarter.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.