The Goldman Sachs Group Issues Positive Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Frontdoor (NASDAQ:FTDR) had its price objective lifted by The Goldman Sachs Group from $41.00 to $46.00 in a report published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

FTDR has been the subject of several other research reports. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial increased their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Down 0.6 %

Shares of NASDAQ:FTDR opened at $56.99 on Tuesday. The company has a 50 day moving average price of $49.41 and a two-hundred day moving average price of $41.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42. The company has a market capitalization of $4.36 billion, a PE ratio of 18.87 and a beta of 1.03. Frontdoor has a 52 week low of $29.41 and a 52 week high of $58.17.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts forecast that Frontdoor will post 2.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FTDR. Commonwealth Equity Services LLC bought a new position in shares of Frontdoor in the 1st quarter valued at about $549,000. Janney Montgomery Scott LLC grew its stake in Frontdoor by 288.6% in the first quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company’s stock valued at $971,000 after purchasing an additional 22,136 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Frontdoor by 25.2% during the 1st quarter. Nordea Investment Management AB now owns 295,885 shares of the company’s stock worth $9,631,000 after purchasing an additional 59,572 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Frontdoor during the 1st quarter worth approximately $180,000. Finally, GSA Capital Partners LLP raised its stake in shares of Frontdoor by 188.5% during the 1st quarter. GSA Capital Partners LLP now owns 31,581 shares of the company’s stock worth $1,029,000 after purchasing an additional 20,635 shares in the last quarter.

About Frontdoor

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.