Frontdoor (NASDAQ:FTDR) PT Raised to $39.00

Frontdoor (NASDAQ:FTDR) had its price objective lifted by analysts at Wells Fargo & Company from $36.00 to $39.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 8.51% from the company’s current price.

Frontdoor Stock Down 0.0 %

FTDR opened at $35.94 on Monday. The business’s fifty day simple moving average is $31.38 and its 200 day simple moving average is $32.87. Frontdoor has a 52 week low of $28.25 and a 52 week high of $38.97. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.54. The stock has a market cap of $2.80 billion, a PE ratio of 15.76 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.02 by $0.18. The firm 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 company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. As a group, research analysts expect that Frontdoor will post 2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Frontdoor by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,806,048 shares of the company’s stock worth $345,369,000 after purchasing an additional 249,789 shares during the last quarter. Boston Partners grew its position in shares of Frontdoor by 19.7% in the 4th quarter. Boston Partners now owns 5,692,326 shares of the company’s stock worth $200,186,000 after buying an additional 938,541 shares during the last quarter. Reinhart Partners LLC. increased its stake in shares of Frontdoor by 15.4% during the first quarter. Reinhart Partners LLC. now owns 2,288,768 shares of the company’s stock valued at $74,568,000 after buying an additional 304,645 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Frontdoor by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,636,936 shares of the company’s stock valued at $57,653,000 after acquiring an additional 24,098 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Frontdoor by 1,152.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,017,473 shares of the company’s stock worth $35,835,000 after acquiring an additional 936,209 shares during the period.

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.