Truist Financial Boosts Frontdoor (NASDAQ:FTDR) Price Target to $58.00

Frontdoor (NASDAQ:FTDR) had its target price lifted by Truist Financial from $56.00 to $58.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 7.89% from the company’s previous close.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. The Goldman Sachs Group lifted their price objective 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 note on Friday, August 2nd. One investment 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. According to MarketBeat, Frontdoor currently has an average rating of “Hold” and an average price target of $48.25.

Frontdoor Price Performance

NASDAQ:FTDR traded up $0.83 during trading hours on Tuesday, hitting $53.76. 132,438 shares of the stock traded hands, compared to its average volume of 721,161. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 20.47 and a beta of 1.03. Frontdoor has a 1 year low of $29.41 and a 1 year high of $54.25. The stock has a 50 day moving average price of $48.90 and a 200 day moving average price of $41.32. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. During the same period last year, the firm earned $0.94 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts forecast that Frontdoor will post 2.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Entropy Technologies LP purchased a new stake in Frontdoor in the 3rd quarter worth about $616,000. Los Angeles Capital Management LLC grew its stake in shares of Frontdoor by 3.6% during the third quarter. Los Angeles Capital Management LLC now owns 63,699 shares of the company’s stock valued at $3,057,000 after buying an additional 2,202 shares during the last quarter. Meritage Portfolio Management raised its holdings in shares of Frontdoor by 91.7% in the third quarter. Meritage Portfolio Management now owns 18,030 shares of the company’s stock worth $865,000 after buying an additional 8,624 shares during the period. Atria Investments Inc bought a new stake in shares of Frontdoor during the 3rd quarter worth approximately $315,000. Finally, QRG Capital Management Inc. boosted its holdings in Frontdoor by 19.4% during the 3rd quarter. QRG Capital Management Inc. now owns 8,411 shares of the company’s stock valued at $404,000 after acquiring an additional 1,364 shares during the period.

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.