Truist Financial Issues Positive Forecast for Frontdoor (NASDAQ:FTDR) Stock Price

Key Points

• Truist raised its price target on Frontdoor to $115 from $105 and maintained a Buy rating, implying about 19.6% upside. Analysts overall rate the stock Moderate Buy, with a consensus target of $97.40.
• Frontdoor beat third-quarter estimates, reporting EPS of $1.81 versus $1.77 expected and revenue of $655 million, up 6% year over year. Fourth-quarter revenue guidance also came in slightly above analysts’ expectations.
• The company announced a $1 billion share-buyback plan, which could support shareholder returns.

Frontdoor (NASDAQ:FTDR - Get Free Report) had its price objective raised by equities researchers at Truist Financial from $105.00 to $115.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 19.55% from the stock's current price.

A number of other research firms have also recently weighed in on FTDR. The Goldman Sachs Group decreased their price objective on shares of Frontdoor from $91.00 to $81.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. JPMorgan Chase & Co. began coverage on Frontdoor in a report on Monday, August 24th. They set a "neutral" rating and a $95.00 price objective on the stock. Benchmark upped their target price on Frontdoor from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Oppenheimer raised their price target on shares of Frontdoor from $70.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Finally, Wolfe Research raised shares of Frontdoor to an "outperform" rating in a report on Monday, August 24th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Frontdoor has a consensus rating of "Moderate Buy" and a consensus target price of $97.40.

Frontdoor Stock Up 0.2%

Shares of NASDAQ FTDR traded up $0.21 on Friday, hitting $96.19. The company had a trading volume of 381,993 shares, compared to its average volume of 611,724. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 3.98. Frontdoor has a 12-month low of $48.47 and a 12-month high of $103.07. The firm has a market capitalization of $6.63 billion, a P/E ratio of 25.66 and a beta of 1.60. The business has a 50 day moving average of $80.62 and a two-hundred day moving average of $69.96.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.04. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The company had revenue of $655.00 million during the quarter, compared to the consensus estimate of $647.73 million. During the same quarter last year, the company earned $1.58 earnings per share. Frontdoor's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Frontdoor will post 4.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several large investors have recently added to or reduced their stakes in the company. Abel Hall LLC increased its holdings in shares of Frontdoor by 6.0% in the 3rd quarter. Abel Hall LLC now owns 3,025 shares of the company's stock valued at $221,000 after purchasing an additional 170 shares during the period. State of Wyoming boosted its holdings in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company's stock worth $377,000 after purchasing an additional 177 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Frontdoor by 0.8% during the second quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company's stock worth $2,010,000 after purchasing an additional 200 shares during the period. Pullen Investment Management LLC grew its position in Frontdoor by 0.6% during the third quarter. Pullen Investment Management LLC now owns 48,078 shares of the company's stock valued at $3,515,000 after purchasing an additional 283 shares in the last quarter. Finally, Corient Private Wealth LP grew its position in Frontdoor by 5.8% during the second quarter. Corient Private Wealth LP now owns 5,807 shares of the company's stock valued at $447,000 after purchasing an additional 316 shares in the last quarter.

Key Frontdoor News

Here are the key news stories impacting Frontdoor this week:

• Positive Sentiment: Third-quarter earnings were $1.81 per share, above the $1.77 consensus and up from $1.58 a year earlier. Revenue rose 6% year over year to $655 million, beating estimates of about $647.7 million. Frontdoor Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter revenue guidance of $453 million–$463 million has a midpoint of $458 million, modestly above analysts’ $455.1 million estimate. Frontdoor Q3 sales and guidance
• Positive Sentiment: Coverage of the results also highlighted a new $1 billion share-buyback plan, which could support shareholder returns and provide demand for shares. Frontdoor Q3: earnings and buyback coverage
• Neutral Sentiment: Frontdoor forecast full-year 2026 revenue of $2.2 billion, matching the consensus estimate—reassuring, but not a forecast upgrade relative to expectations. Frontdoor revenue guidance

Frontdoor Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.