Frontdoor Inc. (NASDAQ:FTDR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.75.

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 29th. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Broad Bay Capital Management LP acquired a new stake in shares of Frontdoor in the 2nd quarter valued at about $46,886,000. Eventide Asset Management LLC acquired a new position in Frontdoor in the second quarter worth $28,506,000. Marshall Wace LLP bought a new stake in Frontdoor during the third quarter valued at $23,871,000. Cubist Systematic Strategies LLC raised its holdings in shares of Frontdoor by 309.6% during the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock worth $25,429,000 after purchasing an additional 326,112 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after buying an additional 258,920 shares during the last quarter.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $61.26 on Friday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. Frontdoor has a 1-year low of $35.61 and a 1-year high of $70.14. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 17.45 and a beta of 1.31. The business has a 50-day moving average of $55.01 and a 200-day moving average of $59.70.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. During the same period in the previous year, the company posted $1.38 EPS. Frontdoor’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Frontdoor will post 3.07 EPS for the current fiscal year.

About Frontdoor

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.