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

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

Analysts Set New Price Targets

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

Frontdoor Stock Performance

The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 21.27 and a beta of 1.04. The firm has a fifty day simple moving average of $43.42 and a 200 day simple moving average of $36.82. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares in the last quarter. Isthmus Partners LLC lifted its holdings in Frontdoor by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after purchasing an additional 603 shares in the last quarter. Quarry LP boosted its stake in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after purchasing an additional 894 shares during the last quarter. Covestor Ltd grew its holdings in shares of Frontdoor by 288.6% during the first quarter. Covestor Ltd now owns 1,154 shares of the company’s stock worth $38,000 after buying an additional 857 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Frontdoor in the fourth quarter valued at about $71,000.

Frontdoor Company Profile

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.