Frontdoor (NASDAQ:FTDR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

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 brokerage currently has a sell rating on the stock.

Several other equities analysts have also commented on the company. Truist Financial raised their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $58.39 on Tuesday. The firm has a market cap of $4.43 billion, a PE ratio of 19.33 and a beta of 1.03. Frontdoor has a fifty-two week low of $29.41 and a fifty-two week high of $58.83. 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 business has a 50 day moving average price of $49.61 and a 200-day moving average price of $41.90.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter last year, the firm posted $0.94 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Equities research analysts predict that Frontdoor will post 3.04 earnings per share for the current year.

Hedge Funds Weigh In On Frontdoor

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