Frontdoor (NASDAQ:FTDR) Upgraded to Hold at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Frontdoor (NASDAQ:FTDR) to a hold rating in a research note published on Monday morning,Zacks reports.

Several other analysts have also recently weighed in on FTDR. Truist Financial lifted their price objective on Frontdoor from $82.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Benchmark increased their target price on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Oppenheimer increased their target price on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Wolfe Research upgraded Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Finally, Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.40.

Frontdoor Trading Down 0.2%

Shares of FTDR opened at $77.83 on Monday. The firm’s 50-day moving average price is $80.37 and its 200-day moving average price is $71.34. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.64 and a beta of 1.53. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor has a 1-year low of $48.47 and a 1-year high of $93.43.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The company had revenue of $645.00 million for the quarter, compared to analysts’ expectations of $643.40 million. During the same quarter in the previous year, the company earned $1.63 earnings per share. Frontdoor’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts anticipate that Frontdoor will post 4.67 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Frontdoor during the 2nd quarter valued at about $859,552,000. Jupiter Topco LLC bought a new stake in Frontdoor during the 2nd quarter valued at about $113,873,000. Bank of America Corp DE purchased a new position in Frontdoor in the second quarter worth about $46,580,000. Bank of New York Mellon Corp purchased a new position in Frontdoor in the second quarter worth about $33,812,000. Finally, Danske Bank A S purchased a new position in Frontdoor in the second quarter worth about $28,742,000.

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.