Frontdoor (NASDAQ:FTDR) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Frontdoor (NASDAQ:FTDR) in a research report report published on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $95.00 target price on the stock.

Several other equities research analysts also recently weighed in on FTDR. Oppenheimer upped their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Benchmark lifted their price objective on Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Wolfe Research raised Frontdoor to an “outperform” rating in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating on shares of Frontdoor in a research note on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Frontdoor in a report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Frontdoor presently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Stock Performance

Shares of FTDR stock opened at $83.68 on Monday. The firm has a 50 day moving average of $77.68 and a two-hundred day moving average of $67.04. The stock has a market capitalization of $5.76 billion, a PE ratio of 22.20 and a beta of 1.47. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor has a 52 week low of $48.47 and a 52 week high of $93.43.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The business had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share. On average, research analysts predict that Frontdoor will post 4.66 EPS for the current fiscal year.

Institutional Trading of Frontdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. acquired a new position in shares of Frontdoor in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after acquiring an additional 497 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Frontdoor during the 2nd quarter worth $58,000. Quarry LP lifted its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 shares during the last quarter.

About Frontdoor

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.