Frontdoor (NASDAQ:FTDR) Price Target Raised to $96.00 at Benchmark

Frontdoor (NASDAQ:FTDR) had its price target upped by Benchmark from $80.00 to $96.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on FTDR. Oppenheimer upped their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a research note on Friday. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Frontdoor Price Performance

Shares of FTDR opened at $90.83 on Friday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 24.09 and a beta of 1.47. Frontdoor has a twelve month low of $48.47 and a twelve month high of $93.43. The company has a quick ratio of 1.47, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. The company has a 50 day moving average of $72.99 and a two-hundred day moving average of $64.73.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. During the same period in the prior year, the firm posted $1.63 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, analysts predict that Frontdoor will post 4.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several institutional investors and hedge funds have recently modified their holdings of FTDR. Private Trust Co. NA lifted its holdings in Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 497 shares during the period. Quarry LP increased its holdings in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after purchasing an additional 713 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after purchasing an additional 1,089 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in shares of Frontdoor in the 2nd quarter valued at $83,000.

Key Headlines Impacting Frontdoor

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Q2 earnings beat expectations: Frontdoor reported adjusted earnings of $1.93 per share, above the $1.76–$1.78 analyst estimates and up from $1.63 a year ago. Revenue increased 4.5% year over year to $645 million, modestly ahead of the $643.4 million consensus. Frontdoor Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Guidance and operating trends improved: Management raised its full-year revenue outlook to approximately $2.19 billion–$2.21 billion. The outlook reflects returning membership growth and margin expansion, while third-quarter revenue guidance of $642 million–$652 million is above the $641.1 million consensus. FTDR Q2 Deep Dive
• Positive Sentiment: Shareholder returns support sentiment: Frontdoor plans to repurchase up to $330 million of its shares in 2026, which could reduce the share count and provide additional support for earnings per share. Frontdoor Plans 2026 Buybacks
• Positive Sentiment: Analysts became more bullish: Benchmark raised its price target from $80 to $96 and assigned a Buy rating, while Truist increased its target from $82 to $105 and also rated the stock Buy. The revisions indicate greater confidence in Frontdoor’s earnings outlook following the quarterly results. Benzinga analyst updates

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.