SunTrust Banks Reiterates “Buy” Rating for Frontdoor (NASDAQ:FTDR)

Frontdoor (NASDAQ:FTDR)‘s stock had its “buy” rating reiterated by SunTrust Banks in a research report issued on Friday, AnalystRatings.com reports. They currently have a $50.00 target price on the stock. SunTrust Banks’ target price indicates a potential upside of 19.06% from the company’s current price.

FTDR has been the topic of a number of other reports. Zacks Investment Research cut shares of Frontdoor from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. BidaskClub cut shares of Frontdoor from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Frontdoor from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.83.

Shares of NASDAQ:FTDR traded up $1.29 on Friday, reaching $42.00. 816,647 shares of the company were exchanged, compared to its average volume of 518,816. Frontdoor has a 1-year low of $30.06 and a 1-year high of $53.29. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.65 and a beta of 0.42. The company has a 50-day moving average of $43.97 and a 200-day moving average of $41.76.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The business had revenue of $294.00 million for the quarter, compared to analysts’ expectations of $289.31 million. Frontdoor had a net margin of 11.02% and a negative return on equity of 76.35%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. As a group, analysts expect that Frontdoor will post 1.76 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in shares of Frontdoor during the 1st quarter worth about $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Frontdoor by 61.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,035 shares of the company’s stock worth $36,000 after purchasing an additional 393 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Frontdoor by 150.3% during the 1st quarter. First Horizon Advisors Inc. now owns 1,119 shares of the company’s stock worth $38,000 after purchasing an additional 672 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Frontdoor by 100.0% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 2,000 shares of the company’s stock worth $69,000 after acquiring an additional 1,000 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Frontdoor during the 1st quarter worth about $80,000. 99.45% of the stock is currently owned by institutional investors.

About Frontdoor

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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Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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