Frontdoor Inc. (NASDAQ:FTDR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $74.75.

FTDR has been the subject of several analyst reports. Truist Financial set a $82.00 price objective on shares of Frontdoor in a research note on Friday, July 24th. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st.

Hedge Funds Weigh In On Frontdoor

Several hedge funds have recently bought and sold shares of the business. Swedbank AB grew its stake in Frontdoor by 6.0% in the fourth quarter. Swedbank AB now owns 1,283,600 shares of the company’s stock worth $74,051,000 after purchasing an additional 73,000 shares in the last quarter. KBC Group NV raised its position in Frontdoor by 271.7% during the 4th quarter. KBC Group NV now owns 27,360 shares of the company’s stock valued at $1,578,000 after purchasing an additional 20,000 shares in the last quarter. SG Americas Securities LLC raised its position in Frontdoor by 553.8% during the 4th quarter. SG Americas Securities LLC now owns 21,287 shares of the company’s stock valued at $1,228,000 after purchasing an additional 18,031 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of Frontdoor by 40.5% in the 4th quarter. Willis Investment Counsel now owns 75,237 shares of the company’s stock worth $4,340,000 after buying an additional 21,704 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Frontdoor in the 1st quarter worth $1,793,000.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $76.38 on Thursday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.89 and a beta of 1.47. Frontdoor has a 12 month low of $48.47 and a 12 month high of $80.73. The firm’s 50-day moving average is $71.86 and its 200 day moving average is $64.33. 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 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.