Buckingham Research downgraded shares of Frontdoor (NASDAQ:FTDR) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have $49.00 target price on the stock.
A number of other research firms have also issued reports on FTDR. SunTrust Banks upgraded Frontdoor to a buy rating and set a $45.00 price objective on the stock in a research note on Tuesday, May 21st. Goldman Sachs Group started coverage on Frontdoor in a research note on Wednesday, April 24th. They set a buy rating and a $41.00 price objective on the stock. Raymond James boosted their price objective on Frontdoor from $45.00 to $48.00 and gave the company an outperform rating in a research note on Wednesday, June 26th. Compass Point reiterated a buy rating and set a $47.50 price objective (up from $45.00) on shares of Frontdoor in a research note on Thursday, May 9th. Finally, Credit Suisse Group started coverage on Frontdoor in a research note on Thursday, April 18th. They set a neutral rating and a $40.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $43.91.
Shares of FTDR traded down $0.70 during mid-day trading on Wednesday, hitting $44.52. The stock had a trading volume of 660,299 shares, compared to its average volume of 511,680. The stock’s fifty day moving average price is $44.27. Frontdoor has a 52 week low of $20.66 and a 52 week high of $49.92.
Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The company had revenue of $271.00 million for the quarter, compared to the consensus estimate of $268.69 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Frontdoor will post 1.53 EPS for the current year.
In other Frontdoor news, Director Peter L. Cella bought 7,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were acquired at an average cost of $38.47 per share, for a total transaction of $269,290.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in FTDR. Janus Henderson Group PLC bought a new position in Frontdoor in the 1st quarter worth about $210,453,000. Iridian Asset Management LLC CT bought a new position in Frontdoor in the 1st quarter worth about $145,676,000. FIL Ltd bought a new position in Frontdoor in the 1st quarter worth about $116,498,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Frontdoor in the 1st quarter worth about $59,584,000. Finally, Chilton Investment Co. LLC bought a new position in Frontdoor in the 1st quarter worth about $34,011,000. Institutional investors and hedge funds own 94.01% of the company’s stock.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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