Shares of Frontdoor Inc (NASDAQ:FTDR) have earned an average recommendation of “Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $46.63.
A number of equities research analysts have commented on FTDR shares. SunTrust Banks reiterated a “buy” rating and issued a $54.00 price target on shares of Frontdoor in a research report on Monday, November 11th. Guggenheim lifted their price objective on Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. ValuEngine lowered Frontdoor from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co cut Frontdoor from an “outperform” rating to a “market perform” rating and upped their target price for the company from $50.00 to $55.00 in a report on Thursday, September 26th. Finally, Zacks Investment Research downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Frontdoor by 16.0% during the 2nd quarter. BlackRock Inc. now owns 3,847,270 shares of the company’s stock worth $167,549,000 after buying an additional 531,642 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Frontdoor by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 673,709 shares of the company’s stock worth $29,340,000 after purchasing an additional 20,900 shares during the period. Elkfork Partners LLC acquired a new stake in Frontdoor in the second quarter worth $705,000. Riverhead Capital Management LLC bought a new stake in Frontdoor in the second quarter valued at $324,000. Finally, JPMorgan Chase & Co. increased its stake in Frontdoor by 65.4% in the second quarter. JPMorgan Chase & Co. now owns 71,345 shares of the company’s stock valued at $3,092,000 after purchasing an additional 28,203 shares in the last quarter.
Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $411.14 million. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. Frontdoor’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Research analysts anticipate that Frontdoor will post 1.83 earnings per share for the current fiscal year.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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