Frontdoor (NASDAQ:FTDR) Price Target Raised to $58.00 at Truist Financial

Frontdoor (NASDAQ:FTDR) had its target price lifted by equities researchers at Truist Financial from $56.00 to $58.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 7.89% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group increased their price objective on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.25.

Frontdoor Trading Up 1.6 %

FTDR traded up $0.83 during trading on Tuesday, hitting $53.76. 132,438 shares of the stock were exchanged, compared to its average volume of 721,161. Frontdoor has a 1 year low of $29.41 and a 1 year high of $54.25. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 20.47 and a beta of 1.03. The firm has a 50 day simple moving average of $48.90 and a 200 day simple moving average of $41.32. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same period in the previous year, the company posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Frontdoor will post 2.79 EPS for the current year.

Institutional Investors Weigh In On Frontdoor

Several institutional investors have recently bought and sold shares of FTDR. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor during the 3rd quarter valued at $27,000. GAMMA Investing LLC boosted its holdings in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Frontdoor during the third quarter worth about $31,000. Isthmus Partners LLC increased its holdings in shares of Frontdoor by 0.5% during the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after acquiring an additional 603 shares in the last quarter. Finally, Quarry LP raised its position in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the last quarter.

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.