Frontdoor Inc. (NASDAQ:FTDR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Frontdoor “Moderate Buy”: Five of eight brokerages recommend buying the stock, while three advise holding it. The average 12-month price target is $92.60 versus a recent price of $79.50.
• Recent earnings exceeded expectations: Frontdoor reported quarterly EPS of $1.93, beating the $1.76 consensus, while revenue of $645 million topped estimates and increased 4.5% year over year.
• Shares remain near their annual high: Frontdoor has traded between $48.47 and $93.43 over the past year, with a market capitalization of approximately $5.48 billion and a P/E ratio of 21.09.

Shares of Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $92.60.

A number of research analysts recently issued reports on FTDR shares. Weiss Ratings restated a "buy (b-)" rating on shares of Frontdoor in a research report on Tuesday, August 18th. Oppenheimer upped their target price on Frontdoor from $70.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a "neutral" rating on shares of Frontdoor in a report on Friday, August 7th. Benchmark lifted their target price on shares of Frontdoor from $80.00 to $96.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Wolfe Research upgraded shares of Frontdoor to an "outperform" rating in a research report on Monday, August 24th.

Frontdoor Price Performance

NASDAQ FTDR opened at $79.50 on Friday. The stock's fifty day moving average price is $79.51 and its 200 day moving average price is $69.67. Frontdoor has a 1 year low of $48.47 and a 1 year high of $93.43. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 21.09 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 120.90% and a net margin of 12.72%.The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, equities research analysts forecast that Frontdoor will post 4.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. purchased a new stake in Frontdoor in the 2nd quarter valued at $25,000. Public Employees Retirement System of Ohio purchased a new stake in Frontdoor during the second quarter worth about $58,000. Global Retirement Partners LLC boosted its stake in shares of Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company's stock valued at $64,000 after purchasing an additional 1,089 shares during the period. Plato Investment Management Ltd acquired a new stake in Frontdoor during the 2nd quarter worth approximately $83,000. Finally, Huntington National Bank boosted its holdings in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company's stock valued at $99,000 after purchasing an additional 273 shares during the period.

About Frontdoor

Frontdoor, Inc is a provider of home warranties and home service plans in the United States. The company helps homeowners manage the cost and convenience of repairing or replacing covered household systems and appliances, including heating and cooling equipment, plumbing, electrical systems and kitchen appliances.

Frontdoor operates through well-known brands that include American Home Shield, HSA Home Warranty and 2-10 Home Buyers Warranty. Its offerings are sold directly to consumers and through real estate professionals, builders and other business partners, with plans and services designed for homeowners, home sellers and home buyers.

Frontdoor became an independent public company in 2018 after separating from ServiceMaster, now known as Terminix.

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