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

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

A number of research firms recently issued reports on FTDR. Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price target on the stock. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st.

Frontdoor Price Performance

Frontdoor stock traded down $0.86 during midday trading on Friday, reaching $75.31. 403,983 shares of the stock traded hands, compared to its average volume of 730,464. The stock’s fifty day moving average is $68.04 and its 200-day moving average is $62.36. Frontdoor has a 12 month low of $48.47 and a 12 month high of $80.73. The stock has a market cap of $5.29 billion, a P/E ratio of 21.58 and a beta of 1.46. 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 (NASDAQ:FTDR) last released 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 for 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%.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 research analysts anticipate that Frontdoor will post 4.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Frontdoor by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,385 shares of the company’s stock worth $15,166,000 after acquiring an additional 47,587 shares during the last quarter. Prana Capital Management LP bought a new stake in Frontdoor during the 3rd quarter valued at about $1,762,000. Swedbank AB lifted its holdings in Frontdoor by 6.0% during the 4th quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock valued at $74,051,000 after buying an additional 73,000 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Frontdoor by 112.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 80,069 shares of the company’s stock worth $4,619,000 after acquiring an additional 42,462 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Frontdoor by 24.5% during the third quarter. Algert Global LLC now owns 260,233 shares of the company’s stock worth $17,511,000 after acquiring an additional 51,214 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.