Frontdoor Inc. (NASDAQ:FTDR) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Frontdoor “Moderate Buy”: Four of seven analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is $95.40, above the reported $77.98 share price.
• Frontdoor exceeded quarterly expectations: The company reported $1.93 in earnings per share versus the $1.76 consensus estimate, with $645 million in revenue, up 4.5% year over year.
• Shares have performed strongly but remain below their annual high: FTDR has traded between $48.47 and $93.43 over the past year, with a market capitalization of approximately $5.37 billion and a current share price of $77.98.

Shares of Frontdoor Inc. (NASDAQ:FTDR - Get Free Report) have been given an average rating of "Moderate Buy" by the seven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.40.

A number of research firms have weighed in on FTDR. Truist Financial increased their target price on Frontdoor from $82.00 to $105.00 and gave the company a "buy" rating in a report on Friday, August 7th. Benchmark raised their target price on Frontdoor from $80.00 to $96.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings downgraded Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. The Goldman Sachs Group cut their price target on Frontdoor from $91.00 to $81.00 and set a "neutral" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. began coverage on shares of Frontdoor in a research report on Monday, August 24th. They set a "neutral" rating and a $95.00 price target for the company.

Frontdoor Stock Performance

Shares of FTDR stock opened at $77.98 on Tuesday. Frontdoor has a 12 month low of $48.47 and a 12 month high of $93.43. The stock has a market cap of $5.37 billion, a PE ratio of 20.68 and a beta of 1.53. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The company's fifty day moving average price is $80.35 and its 200-day moving average price is $71.20.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to analyst estimates of $643.40 million. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. On average, equities analysts expect that Frontdoor will post 4.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several large investors have recently made changes to their positions in FTDR. BlackRock Inc. bought a new position in Frontdoor during the second quarter valued at $859,552,000. Reinhart Partners LLC. grew its stake in shares of Frontdoor by 4.0% in the 2nd quarter. Reinhart Partners LLC. now owns 1,684,065 shares of the company's stock worth $130,668,000 after buying an additional 64,561 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Frontdoor in the 2nd quarter worth $113,873,000. Renaissance Technologies LLC increased its holdings in shares of Frontdoor by 1.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company's stock worth $97,780,000 after buying an additional 23,800 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Frontdoor by 0.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,461,003 shares of the company's stock worth $77,229,000 after buying an additional 7,145 shares during the last quarter.

Frontdoor Company Profile

Frontdoor, Inc NASDAQ: FTDR is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor's portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.

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