BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 448,572 shares of the company’s stock after purchasing an additional 33,380 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Frontdoor were worth $21,527,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in shares of Frontdoor by 1,052.2% during the third quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock valued at $154,000 after buying an additional 2,925 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Frontdoor by 10.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company’s stock valued at $8,383,000 after purchasing an additional 17,166 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock valued at $1,180,000 after purchasing an additional 19,277 shares during the period. Quest Partners LLC raised its stake in shares of Frontdoor by 2.2% in the third quarter. Quest Partners LLC now owns 32,488 shares of the company’s stock worth $1,559,000 after purchasing an additional 707 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of Frontdoor by 13.3% during the third quarter. Natixis Advisors LLC now owns 17,213 shares of the company’s stock worth $826,000 after purchasing an additional 2,023 shares during the period.
Analysts Set New Price Targets
FTDR has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased 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. Finally, The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.50.
Frontdoor Stock Up 1.8 %
FTDR stock opened at $58.46 on Friday. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $59.01. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s fifty day moving average is $51.09 and its 200 day moving average is $43.42. The firm has a market cap of $4.43 billion, a PE ratio of 19.36 and a beta of 1.03.
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. On average, research analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current year.
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.
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