Frontdoor (NASDAQ:FTDR) Price Target Raised to $46.00

Frontdoor (NASDAQ:FTDR) had its target price upped by The Goldman Sachs Group from $41.00 to $46.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has a sell rating on the stock.

FTDR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. Truist Financial upped 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. Finally, William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Frontdoor presently has a consensus rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Down 0.6 %

FTDR opened at $56.99 on Tuesday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 18.87 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42. The firm’s 50-day simple moving average is $49.41 and its 200-day simple moving average is $41.71. Frontdoor has a twelve month low of $29.41 and a twelve month high of $58.17.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor will post 2.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several hedge funds have recently added to or reduced their stakes in FTDR. Diversified Trust Co boosted its stake in shares of Frontdoor by 2.5% in the 3rd quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock valued at $582,000 after purchasing an additional 299 shares during the last quarter. Illinois Municipal Retirement Fund boosted its stake in Frontdoor by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock valued at $1,517,000 after acquiring an additional 321 shares during the last quarter. Tidal Investments LLC grew its holdings in Frontdoor by 2.2% during the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock worth $513,000 after acquiring an additional 344 shares during the period. CWM LLC raised its position in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after acquiring an additional 367 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after acquiring an additional 418 shares during the last quarter.

About Frontdoor

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.