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

Frontdoor (NASDAQ:FTDR - Get Free Report) had its target price increased by investment analysts at Truist Financial from $56.00 to $58.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective suggests a potential upside of 5.80% from the company's previous close.

Several other analysts have also recently commented on FTDR. JPMorgan Chase & Co. raised their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, August 12th. William Blair raised shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group increased their target price on Frontdoor from $33.00 to $41.00 and gave the company a "sell" rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $49.50.

Frontdoor Stock Performance

Shares of Frontdoor stock traded up $1.89 on Tuesday, reaching $54.82. 1,121,996 shares of the stock were exchanged, compared to its average volume of 725,786. The firm has a market capitalization of $4.20 billion, a PE ratio of 20.82 and a beta of 1.03. Frontdoor has a 1-year low of $29.41 and a 1-year high of $55.00. The business has a fifty day moving average price of $48.90 and a two-hundred day moving average price of $41.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to analysts' expectations of $541.88 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, research analysts anticipate that Frontdoor will post 2.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Frontdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Frontdoor in the 1st quarter worth about $549,000. Janney Montgomery Scott LLC boosted its position in shares of Frontdoor by 288.6% in the first quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company's stock worth $971,000 after acquiring an additional 22,136 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Frontdoor by 25.2% in the first quarter. Nordea Investment Management AB now owns 295,885 shares of the company's stock worth $9,631,000 after acquiring an additional 59,572 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Frontdoor in the first quarter valued at approximately $180,000. Finally, GSA Capital Partners LLP increased its position in Frontdoor by 188.5% during the first quarter. GSA Capital Partners LLP now owns 31,581 shares of the company's stock worth $1,029,000 after purchasing an additional 20,635 shares during 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.