Shares of Frontdoor Inc. (NASDAQ:FTDR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $68.60.
Several equities research analysts have issued reports on the stock. Truist Financial set a $71.00 target price on shares of Frontdoor in a research note on Monday, January 26th. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Weiss Ratings raised shares of Frontdoor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Finally, Benchmark assumed coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock.
View Our Latest Report on Frontdoor
Frontdoor Trading Down 1.3%
Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s quarterly revenue 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.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of FTDR. Private Trust Co. NA boosted its position in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position 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. Quarry LP boosted its position in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Frontdoor by 8,376.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of Frontdoor during the 3rd quarter valued at about $87,000.
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.
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