Frontdoor Inc. (NASDAQ:FTDR) Stock Has Consensus Price Target of $97.40

Shares of Frontdoor Inc. (NASDAQ:FTDR) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $99.80.

FTDR has been the subject of a number of research reports. Oppenheimer lifted their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Wolfe Research raised shares of Frontdoor to an “outperform” rating in a report on Monday, August 24th. Truist Financial raised their price target on shares of Frontdoor from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Frontdoor in a report on Monday, August 24th. They issued a “neutral” rating and a $95.00 price target for the company.

Frontdoor Stock Down 0.6%

NASDAQ:FTDR opened at $97.86 on Friday. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 24.47 and a beta of 1.60. Frontdoor has a one year low of $48.90 and a one year high of $103.07. The stock has a 50-day simple moving average of $81.98 and a 200 day simple moving average of $70.75. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.75 and a current ratio of 1.75.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.04. Frontdoor had a return on equity of 124.74% and a net margin of 12.96%. The firm had revenue of $655.00 million for the quarter, compared to analysts’ expectations of $647.73 million. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Frontdoor’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that Frontdoor will post 4.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Frontdoor during the second quarter valued at approximately $859,552,000. Renaissance Technologies LLC boosted its position in Frontdoor by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock valued at $97,780,000 after purchasing an additional 23,800 shares during the period. Reinhart Partners LLC. boosted its position in Frontdoor by 4.0% during the 2nd quarter. Reinhart Partners LLC. now owns 1,684,065 shares of the company’s stock valued at $130,668,000 after purchasing an additional 64,561 shares during the period. Jupiter Topco LLC acquired a new position in Frontdoor during the 2nd quarter valued at approximately $113,873,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Frontdoor by 0.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,461,003 shares of the company’s stock worth $77,229,000 after buying an additional 7,145 shares during the last quarter.

Frontdoor Company Profile

Frontdoor, Inc. provides home service plans and repair solutions in the United States. Its plans help homeowners manage the cost of repairing or replacing covered home systems and appliances, such as heating and cooling equipment, plumbing, and kitchen appliances. The company serves customers through brands including American Home Shield, HSA Home Warranty, and OneGuard Home Warranties. It also connects customers with a network of independent service contractors and offers digital tools and support to help arrange home repairs.