Zurcher Kantonalbank Zurich Cantonalbank Has $230,000 Position in Frontdoor Inc (NASDAQ:FTDR)
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Frontdoor Inc (NASDAQ:FTDR) by 34.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,275 shares of the company’s stock after buying an additional 1,361 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Frontdoor were worth $230,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in FTDR. Synovus Financial Corp acquired a new position in shares of Frontdoor in the 1st quarter valued at about $29,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Frontdoor in the 1st quarter valued at about $34,000. Huntington National Bank acquired a new position in shares of Frontdoor in the 2nd quarter valued at about $99,000. BNP Paribas Arbitrage SA acquired a new position in shares of Frontdoor in the 1st quarter valued at about $163,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Frontdoor in the 1st quarter valued at about $198,000.
A number of research analysts have recently issued reports on the company. Buckingham Research downgraded Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Wednesday, July 31st. Zacks Investment Research raised Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Saturday, August 10th. Compass Point reissued a “buy” rating and issued a $47.50 price objective (up from $45.00) on shares of Frontdoor in a research note on Thursday, May 9th. SunTrust Banks set a $50.00 price objective on Frontdoor and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Guggenheim boosted their price objective on Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.30.
Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. The company had revenue of $388.00 million during the quarter, compared to analyst estimates of $387.49 million. Frontdoor had a negative return on equity of 44.16% and a net margin of 10.57%. Frontdoor’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, sell-side analysts expect that Frontdoor Inc will post 1.84 EPS for the current fiscal year.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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