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

Frontdoor (NASDAQ:FTDR - Free Report) had its price objective raised by JPMorgan Chase & Co. from $50.00 to $55.00 in a report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

FTDR has been the subject of a number of other research reports. Truist Financial increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group lowered their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd.

Frontdoor Trading Up 1.7%

Shares of NASDAQ FTDR traded up $0.99 during midday trading on Tuesday, reaching $57.94. 453,098 shares of the stock were exchanged, compared to its average volume of 734,511. The company has a 50 day simple moving average of $47.52 and a 200 day simple moving average of $51.20. The stock has a market capitalization of $4.26 billion, a P/E ratio of 19.19 and a beta of 1.21. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor has a twelve month low of $32.95 and a twelve month high of $63.49.

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

Hedge Funds Weigh In On Frontdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTDR. Bessemer Group Inc. boosted its position in Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Frontdoor during the 1st quarter worth about $42,000. TD Private Client Wealth LLC raised its position in Frontdoor by 12.9% in the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 1,239 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock valued at $93,000 after buying an additional 2,423 shares during the period.

Frontdoor Company Profile

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.