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

Shares of Frontdoor Inc. (NASDAQ:FTDR) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $68.60.

Several analysts recently issued reports on FTDR shares. Oppenheimer restated an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $50.00 to $67.00 in a report on Monday, March 2nd. Weiss Ratings upgraded shares of Frontdoor from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Finally, Truist Financial set a $71.00 price objective on shares of Frontdoor in a report on Monday, January 26th.

Frontdoor Trading Down 1.3%

Shares of FTDR stock opened at $61.50 on Friday. The company’s 50-day moving average price is $60.66 and its 200-day moving average price is $58.56. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 17.62 and a beta of 1.55. Frontdoor has a twelve month low of $48.47 and a twelve month high of $70.77.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, equities analysts predict that Frontdoor will post 4.48 earnings per share for the current year.

Institutional Trading of Frontdoor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners raised its holdings in Frontdoor by 8.5% in the 4th quarter. Boston Partners now owns 5,777,252 shares of the company’s stock valued at $333,742,000 after buying an additional 454,040 shares during the period. Geode Capital Management LLC increased its stake in Frontdoor by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after purchasing an additional 27,237 shares during the period. Renaissance Technologies LLC increased its stake in Frontdoor by 1.3% during the first quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock worth $97,780,000 after purchasing an additional 23,800 shares during the period. Reinhart Partners LLC. increased its stake in Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after purchasing an additional 332,556 shares during the period. Finally, Morgan Stanley increased its stake in Frontdoor by 11.5% during the fourth quarter. Morgan Stanley now owns 1,485,123 shares of the company’s stock worth $85,677,000 after purchasing an additional 153,138 shares during the period.

About Frontdoor

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.