Frontdoor (NASDAQ:FTDR) had its target price lifted by equities research analysts at Raymond James from $45.00 to $48.00 in a research report issued to clients and investors on Wednesday, June 26th, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 4.39% from the company’s current price.
A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. set a €21.00 ($24.42) target price on Signify and gave the company a “sell” rating in a research report on Monday, March 25th. Zacks Investment Research lowered HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Wells Fargo & Co started coverage on Frontdoor in a research report on Monday, March 25th. They issued an “outperform” rating on the stock. Goldman Sachs Group set a $131.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Compass Point lowered Redfin from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $22.00 in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Frontdoor has a consensus rating of “Buy” and an average price target of $43.91.
Frontdoor stock traded up $0.38 during trading hours on Wednesday, reaching $45.98. The stock had a trading volume of 785,600 shares, compared to its average volume of 642,001. Frontdoor has a 52 week low of $20.66 and a 52 week high of $49.92. The company has a market capitalization of $3.86 billion and a P/E ratio of 25.98. The stock has a 50 day moving average of $42.63.
In other news, Director Peter L. Cella acquired 7,000 shares of Frontdoor stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $38.47 per share, with a total value of $269,290.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of FTDR. Janus Henderson Group PLC acquired a new stake in shares of Frontdoor in the 1st quarter worth $210,453,000. Iridian Asset Management LLC CT purchased a new position in shares of Frontdoor during the 1st quarter worth $145,676,000. FIL Ltd purchased a new position in shares of Frontdoor during the 1st quarter worth $116,498,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Frontdoor during the 1st quarter worth $59,584,000. Finally, Chilton Investment Co. LLC purchased a new position in shares of Frontdoor during the 1st quarter worth $34,011,000. 94.09% of the stock is owned by institutional investors and hedge funds.
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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