Frontdoor (NASDAQ:FTDR) Lifted to “Buy” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Frontdoor (NASDAQ:FTDR) from a hold rating to a buy rating in a report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $50.00 target price on the stock.

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. “

Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Frontdoor from a hold rating to a sell rating in a research note on Friday, February 7th. ValuEngine cut Frontdoor from a hold rating to a sell rating in a report on Tuesday, December 3rd. SunTrust Banks restated a buy rating and set a $54.00 price target on shares of Frontdoor in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. reiterated a buy rating and issued a $55.00 price objective on shares of Frontdoor in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Frontdoor has an average rating of Buy and an average price target of $48.08.

FTDR stock opened at $46.70 on Wednesday. The firm has a market cap of $3.94 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.62 and a beta of -0.59. The stock has a 50-day moving average price of $45.31 and a 200-day moving average price of $47.49. Frontdoor has a 1-year low of $27.77 and a 1-year high of $53.29.

Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY purchased a new stake in Frontdoor in the 1st quarter valued at $219,000. Royal Bank of Canada increased its stake in Frontdoor by 15.7% in the 2nd quarter. Royal Bank of Canada now owns 5,868 shares of the company’s stock valued at $255,000 after buying an additional 797 shares during the last quarter. Brinker Capital Inc. lifted its position in shares of Frontdoor by 16.0% during the 3rd quarter. Brinker Capital Inc. now owns 9,733 shares of the company’s stock worth $473,000 after buying an additional 1,345 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of Frontdoor during the 3rd quarter worth approximately $559,000. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Frontdoor by 91.5% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 46,050 shares of the company’s stock worth $2,237,000 after buying an additional 22,000 shares during the last quarter.

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.

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Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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