Frontdoor (NASDAQ:FTDR) PT Raised to $41.00

Frontdoor (NASDAQ:FTDR) had its price objective boosted by research analysts at The Goldman Sachs Group from $33.00 to $41.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 5.33% from the company’s current price.

Several other research analysts also recently commented on FTDR. Truist Financial boosted their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price objective on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.00.

Frontdoor Price Performance

Shares of NASDAQ:FTDR traded down $1.19 during trading on Friday, reaching $43.31. 411,226 shares of the company traded hands, compared to its average volume of 749,987. The firm has a market capitalization of $3.37 billion, a PE ratio of 19.00 and a beta of 0.99. Frontdoor has a 52 week low of $28.25 and a 52 week high of $48.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.54. The company’s 50 day moving average is $35.62 and its two-hundred day moving average is $33.58.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The firm had revenue of $542.00 million for the quarter, compared to the consensus estimate of $536.74 million. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Frontdoor will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Frontdoor

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Frontdoor by 27.2% during the fourth quarter. Raymond James & Associates now owns 139,660 shares of the company’s stock worth $4,919,000 after purchasing an additional 29,877 shares during the last quarter. New York State Teachers Retirement System increased its position in Frontdoor by 24.2% in the 4th quarter. New York State Teachers Retirement System now owns 37,094 shares of the company’s stock valued at $1,306,000 after acquiring an additional 7,237 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Frontdoor by 39.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 18,706 shares of the company’s stock valued at $653,000 after acquiring an additional 5,331 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Frontdoor by 2.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,049 shares of the company’s stock worth $1,305,000 after purchasing an additional 980 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Frontdoor by 5.3% during the fourth quarter. Meeder Asset Management Inc. now owns 7,137 shares of the company’s stock worth $251,000 after purchasing an additional 359 shares during the period.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.