Frontdoor (NASDAQ:FTDR) Reaches New 1-Year High at $49.36

Frontdoor, Inc. (NASDAQ:FTDR)’s share price reached a new 52-week high on Tuesday . The company traded as high as $49.36 and last traded at $49.26, with a volume of 336241 shares changing hands. The stock had previously closed at $48.39.

Analyst Ratings Changes

FTDR has been the topic of a number of recent research reports. Truist Financial raised their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Finally, William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.75.

Frontdoor Price Performance

The business’s fifty day moving average is $44.03 and its 200-day moving average is $37.03. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $3.80 billion, a PE ratio of 21.24 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The business had revenue of $542.00 million during the quarter, compared to the consensus estimate of $536.74 million. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts predict that Frontdoor, Inc. will post 2.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Frontdoor

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Frontdoor by 3.8% during the first quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock valued at $331,636,000 after acquiring an additional 373,091 shares in the last quarter. Boston Partners grew its stake in Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock valued at $201,662,000 after acquiring an additional 506,217 shares in the last quarter. Reinhart Partners LLC. grew its stake in Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock valued at $78,762,000 after acquiring an additional 42,169 shares in the last quarter. Victory Capital Management Inc. grew its stake in Frontdoor by 8.7% during the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after acquiring an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Frontdoor by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock valued at $60,402,000 after acquiring an additional 89,301 shares in 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.