Frontdoor (NASDAQ:FTDR) Downgraded by Zacks Investment Research

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Zacks Investment Research lowered shares of Frontdoor (NASDAQ:FTDR) from a hold rating to a sell rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Frontdoor Inc. is the parent company of home service plan brands consisting of American Home Shield, HSA, Landmark and OneGuard. The company’s customizable home service plans help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. Frontdoor Inc. is based in TN, United States. “

Several other analysts have also recently issued reports on FTDR. Compass Point cut Redfin from a buy rating to a neutral rating and decreased their price objective for the stock from $25.00 to $22.00 in a report on Thursday, May 9th. Credit Suisse Group set a €50.00 ($58.14) price objective on Unilever and gave the stock a neutral rating in a report on Thursday, April 18th. JPMorgan Chase & Co. set a €21.00 ($24.42) price objective on Signify and gave the stock a sell rating in a report on Monday, March 25th. Buckingham Research increased their price target on Frontdoor from $44.00 to $49.00 and gave the company a buy rating in a report on Tuesday, May 21st. Finally, SunTrust Banks restated a buy rating and set a $25.00 price target on shares of Cardlytics in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Frontdoor has an average rating of Buy and an average price target of $43.91.

Shares of FTDR opened at $45.32 on Thursday. The stock has a market cap of $3.83 billion and a PE ratio of 25.60. Frontdoor has a 1 year low of $20.66 and a 1 year high of $49.92. The business’s 50 day moving average price is $42.11.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.07. The firm had revenue of $271.00 million for the quarter, compared to analysts’ expectations of $268.69 million. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, equities analysts predict that Frontdoor will post 1.49 earnings per share for the current year.

In other Frontdoor news, Director Peter L. Cella bought 7,000 shares of Frontdoor stock in a transaction on Friday, May 10th. The shares were acquired at an average price of $38.47 per share, for a total transaction of $269,290.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Synovus Financial Corp bought a new position in shares of Frontdoor during the 1st quarter worth $29,000. Sterling Investment Advisors Ltd. bought a new position in shares of Frontdoor during the 1st quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Frontdoor during the 1st quarter worth $135,000. BNP Paribas Arbitrage SA bought a new position in shares of Frontdoor during the 1st quarter worth $163,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Frontdoor during the 1st quarter worth $198,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

About Frontdoor

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.

Further Reading: Support Level

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