Frontdoor (NASDAQ:FTDR) PT Raised to $39.00

Frontdoor (NASDAQ:FTDR) had its price target hoisted by Wells Fargo & Company from $36.00 to $39.00 in a report issued on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Frontdoor Stock Performance

NASDAQ FTDR opened at $36.12 on Monday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 15.84 and a beta of 0.89. Frontdoor has a twelve month low of $28.25 and a twelve month high of $38.97. The stock has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $32.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.54.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The company had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Sell-side analysts expect that Frontdoor will post 2.39 EPS for the current year.

Institutional Trading of Frontdoor

Large investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Frontdoor by 13.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 409,722 shares of the company’s stock valued at $13,349,000 after buying an additional 47,011 shares during the period. ProShare Advisors LLC increased its stake in Frontdoor by 7.4% in the first quarter. ProShare Advisors LLC now owns 16,323 shares of the company’s stock valued at $532,000 after purchasing an additional 1,126 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in Frontdoor in the first quarter valued at $318,000. Isthmus Partners LLC raised its holdings in shares of Frontdoor by 67.7% during the first quarter. Isthmus Partners LLC now owns 109,646 shares of the company’s stock valued at $3,572,000 after purchasing an additional 44,261 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Frontdoor by 40.6% during the 1st quarter. Russell Investments Group Ltd. now owns 98,159 shares of the company’s stock worth $3,198,000 after purchasing an additional 28,344 shares in the last quarter.

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.