Frontdoor (NASDAQ:FTDR) Reaches New 12-Month High – Still a Buy?

Frontdoor, Inc. (NASDAQ:FTDR)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $59.01 and last traded at $58.83, with a volume of 200864 shares changing hands. The stock had previously closed at $57.44.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial raised their target price on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Stock Up 1.8 %

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market cap of $4.43 billion, a PE ratio of 19.50 and a beta of 1.03. The company’s 50 day moving average price is $51.09 and its two-hundred day moving average price is $43.42.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTDR. Diversified Trust Co boosted its position in shares of Frontdoor by 2.5% during the 3rd quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock valued at $582,000 after acquiring an additional 299 shares during the last quarter. Tidal Investments LLC boosted its position in Frontdoor by 2.2% in the first quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock valued at $513,000 after buying an additional 344 shares during the last quarter. CWM LLC grew its holdings in Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after acquiring an additional 367 shares during the period. GAMMA Investing LLC raised its stake in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor in the third quarter worth approximately $27,000.

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.