Frontdoor (NASDAQ:FTDR) Given New $55.00 Price Target at JPMorgan Chase & Co.

Frontdoor (NASDAQ:FTDR - Free Report) had its target price boosted by JPMorgan Chase & Co. from $50.00 to $55.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group cut their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd.

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded up $0.30 during mid-day trading on Tuesday, reaching $57.14. 347,413 shares of the company were exchanged, compared to its average volume of 737,181. Frontdoor has a twelve month low of $32.95 and a twelve month high of $63.49. The stock has a market capitalization of $4.20 billion, a P/E ratio of 18.92 and a beta of 1.21. The company's 50-day simple moving average is $46.39 and its 200-day simple moving average is $51.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The company had revenue of $426.00 million during the quarter, compared to analysts' expectations of $416.37 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. As a group, research analysts predict that Frontdoor will post 3.07 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after buying an additional 1,239 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $467,000. Atria Investments Inc increased its stake in Frontdoor by 4.9% in the fourth quarter. Atria Investments Inc now owns 6,894 shares of the company's stock valued at $377,000 after acquiring an additional 325 shares during the last quarter. Caprock Group LLC bought a new position in Frontdoor in the fourth quarter valued at approximately $208,000. Finally, ExodusPoint Capital Management LP acquired a new position in Frontdoor during the fourth quarter valued at approximately $8,144,000.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.