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

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been given an average recommendation of “Moderate Buy” by 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 assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $72.00.

Several research analysts recently weighed in on FTDR shares. Oppenheimer reissued an “outperform” rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Benchmark began coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective for the company. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and upped their price objective for the company from $50.00 to $67.00 in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Frontdoor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,994 shares during the last quarter. Millennium Management LLC increased its stake in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after acquiring an additional 258,920 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after acquiring an additional 1,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after acquiring an additional 13,134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 valued at $47,000 after acquiring an additional 497 shares during the last quarter.

Frontdoor Trading Up 3.7%

Shares of FTDR stock opened at $65.87 on Wednesday. The firm has a 50-day moving average price of $61.01 and a 200 day moving average price of $59.22. Frontdoor has a twelve month low of $48.47 and a twelve month high of $70.77. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.87 and a beta of 1.50. 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 (NASDAQ:FTDR) last announced its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm had revenue of $451.00 million during the quarter, compared to the consensus estimate of $442.28 million. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that Frontdoor will post 4.48 earnings per share for the current fiscal year.

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.