Frontdoor (NASDAQ:FTDR) Hits New 12-Month High - Time to Buy?

Frontdoor, Inc. (NASDAQ:FTDR - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $58.83 and last traded at $58.06, with a volume of 41132 shares. The stock had previously closed at $58.39.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FTDR. The Goldman Sachs Group boosted their price target on Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. Truist Financial upped their target price on Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. William Blair upgraded Frontdoor from a "market perform" rating to an "outperform" rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price target on Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Frontdoor currently has a consensus rating of "Hold" and a consensus price target of $49.50.

Frontdoor Stock Down 1.1 %

The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.27. The stock has a market cap of $4.38 billion, a PE ratio of 19.13 and a beta of 1.03. The company has a 50 day moving average price of $49.81 and a two-hundred day moving average price of $42.25.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The business's quarterly revenue was up 3.1% compared to the same quarter last year. Analysts expect that Frontdoor, Inc. will post 3.14 EPS for the current year.

Hedge Funds Weigh In On Frontdoor

A number of institutional investors have recently modified their holdings of FTDR. BOKF NA acquired a new stake in Frontdoor in the 2nd quarter worth about $493,000. Harbor Capital Advisors Inc. boosted its holdings in Frontdoor by 84.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock worth $8,850,000 after buying an additional 84,167 shares during the last quarter. Swedbank AB acquired a new stake in Frontdoor in the 1st quarter worth about $18,542,000. CANADA LIFE ASSURANCE Co boosted its holdings in Frontdoor by 22.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 125,556 shares of the company's stock worth $4,092,000 after buying an additional 23,194 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new stake in Frontdoor in the 2nd quarter worth about $513,000.

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.