Frontdoor (NASDAQ:FTDR) Price Target Cut to $81.00 by Analysts at The Goldman Sachs Group

Frontdoor (NASDAQ:FTDR) had its price target reduced by equities research analysts at The Goldman Sachs Group from $91.00 to $81.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has a “hold” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 5.42% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Truist Financial raised their price objective on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. started coverage on shares of Frontdoor in a research note on Monday, August 24th. They issued a “neutral” rating and a $95.00 price target for the company. Benchmark upped their price target on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Finally, Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.40.

Frontdoor Stock Up 0.6%

Shares of NASDAQ:FTDR opened at $76.83 on Monday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 20.39 and a beta of 1.53. The company has a 50 day moving average of $80.37 and a two-hundred day moving average of $71.49. Frontdoor has a 52-week low of $48.47 and a 52-week high of $93.43. 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 (NASDAQ:FTDR) last posted its earnings results on Thursday, August 6th. The company reported $1.93 EPS 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 analysts’ expectations of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. As a group, analysts forecast that Frontdoor will post 4.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming grew its position in Frontdoor by 2.5% in the 1st quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after buying an additional 177 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Frontdoor by 0.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $2,010,000 after buying an additional 200 shares during the period. Evolve Private Wealth LLC raised its position in shares of Frontdoor by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 11,312 shares of the company’s stock worth $598,000 after buying an additional 312 shares in the last quarter. Corient Private Wealth LP raised its position in shares of Frontdoor by 5.8% during the 2nd quarter. Corient Private Wealth LP now owns 5,807 shares of the company’s stock worth $447,000 after buying an additional 316 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of Frontdoor during the 2nd quarter worth about $25,000.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.