Frontdoor Inc. (NASDAQ:FTDR) Given Average Rating of “Moderate Buy” by Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $72.00.

A number of equities analysts have weighed in on FTDR shares. Benchmark assumed coverage on shares of Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 target price for the company. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $78.50 on Friday. The firm has a fifty day simple moving average of $66.51 and a 200-day simple moving average of $61.66. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor has a 1-year low of $48.47 and a 1-year high of $80.09. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 22.49 and a beta of 1.46.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $451.00 million for the quarter, compared to the consensus estimate of $442.28 million. Frontdoor had a return on equity of 118.62% and a net margin of 12.22%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. On average, sell-side analysts expect that Frontdoor will post 4.48 earnings per share for the current year.

Institutional Investors Weigh In On Frontdoor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its holdings in Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the period. Quarry LP raised its position in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC boosted its stake in Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Frontdoor by 18.8% during the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares during the last quarter.

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.