Frontdoor (NASDAQ:FTDR) Hits New 12-Month High – Should You Buy?

Shares of Frontdoor Inc. (NASDAQ:FTDR) hit a new 52-week high during trading on Monday . The company traded as high as $71.63 and last traded at $71.2240, with a volume of 104570 shares trading hands. The stock had previously closed at $68.83.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FTDR shares. Benchmark started coverage on shares of Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective for the company. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Price Performance

The company’s fifty day moving average price is $62.51 and its two-hundred day moving average price is $59.79. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.70 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last released its earnings results 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 firm had revenue of $451.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities research analysts forecast that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners boosted its position in shares of Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after buying an additional 454,040 shares during the period. Geode Capital Management LLC boosted its position in shares of Frontdoor by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock worth $108,879,000 after buying an additional 27,237 shares during the period. Renaissance Technologies LLC boosted its position in shares of Frontdoor by 1.3% during the first quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock worth $97,780,000 after buying an additional 23,800 shares during the period. Reinhart Partners LLC. boosted its position in shares of Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock worth $93,987,000 after buying an additional 332,556 shares during the period. Finally, Morgan Stanley boosted its position in shares of Frontdoor by 11.5% during the fourth quarter. Morgan Stanley now owns 1,485,123 shares of the company’s stock worth $85,677,000 after buying an additional 153,138 shares during the period.

Frontdoor Company Profile

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.