Frontdoor (NASDAQ:FTDR) Price Target Raised to $39.00

Frontdoor (NASDAQ:FTDR) had its price target upped by equities researchers at Wells Fargo & Company from $36.00 to $39.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 10.83% from the company’s current price.

Frontdoor Stock Up 1.6 %

FTDR traded up $0.54 during trading on Monday, hitting $35.19. The stock had a trading volume of 100,255 shares, compared to its average volume of 742,628. Frontdoor has a twelve month low of $28.25 and a twelve month high of $38.97. The stock has a 50 day simple moving average of $31.26 and a two-hundred day simple moving average of $32.79. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $2.74 billion, a PE ratio of 15.44 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $360.47 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, research analysts predict that Frontdoor will post 2.39 earnings per share for the current year.

Institutional Trading of Frontdoor

Several hedge funds have recently made changes to their positions in FTDR. Financial Management Professionals Inc. purchased a new position in shares of Frontdoor during the 4th quarter worth approximately $49,000. Parkside Financial Bank & Trust raised its holdings in shares of Frontdoor by 9,892.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock valued at $49,000 after purchasing an additional 1,385 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Frontdoor during the 4th quarter worth $71,000. Acadian Asset Management LLC purchased a new position in Frontdoor during the 3rd quarter worth $88,000. Finally, Quadrant Capital Group LLC grew its position in Frontdoor by 13.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after purchasing an additional 341 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.