Oppenheimer & Co. Inc. purchased a new position in Frontdoor Inc. (NASDAQ:FTDR – Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 27,651 shares of the company’s stock, valued at approximately $2,022,000.
Several other institutional investors have also recently made changes to their positions in FTDR. Keating Financial Advisory Services Inc. acquired a new stake in shares of Frontdoor during the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Frontdoor during the second quarter worth about $58,000. Plato Investment Management Ltd acquired a new position in shares of Frontdoor during the 2nd quarter worth about $83,000. Global Retirement Partners LLC purchased a new position in Frontdoor in the 2nd quarter valued at about $83,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Frontdoor in the 2nd quarter worth about $100,000.
Frontdoor Stock Performance
Shares of FTDR stock opened at $87.62 on Friday. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $6.04 billion, a P/E ratio of 23.24 and a beta of 1.53. The firm’s 50 day moving average price is $79.93 and its 200-day moving average price is $69.33. Frontdoor Inc. has a one year low of $48.47 and a one year high of $93.43.
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. As a group, equities research analysts predict that Frontdoor Inc. will post 4.67 EPS for the current year.
Analyst Ratings Changes
A number of research firms have commented on FTDR. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a report on Monday, August 24th. Benchmark increased their price target on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on Frontdoor in a research report on Monday, August 24th. They issued a “neutral” rating and a $95.00 target price on the stock. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Finally, Oppenheimer raised their price objective on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.40.
Check Out Our Latest Analysis on FTDR
Frontdoor Profile
Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.
Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.
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