The Goldman Sachs Group Increases Frontdoor (NASDAQ:FTDR) Price Target to $46.00

Frontdoor (NASDAQ:FTDR - Get Free Report) had its price objective raised by equities research analysts at The Goldman Sachs Group from $41.00 to $46.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential downside of 16.09% from the stock's previous close.

Several other research firms also recently weighed in on FTDR. William Blair upgraded Frontdoor from a "market perform" rating to an "outperform" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. Finally, Truist Financial lifted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $49.50.

Frontdoor Trading Up 3.6 %

FTDR stock traded up $1.89 during trading on Tuesday, hitting $54.82. The company had a trading volume of 1,121,996 shares, compared to its average volume of 725,786. Frontdoor has a 52-week low of $29.41 and a 52-week high of $55.00. The company has a 50 day simple moving average of $48.90 and a 200-day simple moving average of $41.32. The firm has a market capitalization of $4.20 billion, a P/E ratio of 20.82 and a beta of 1.03. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66.

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

Institutional Trading of Frontdoor

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company's stock worth $331,636,000 after acquiring an additional 373,091 shares in the last quarter. Boston Partners increased its position in shares of Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company's stock worth $201,662,000 after purchasing an additional 506,217 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Frontdoor by 1.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company's stock valued at $78,762,000 after purchasing an additional 42,169 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Frontdoor by 8.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company's stock worth $73,529,000 after purchasing an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Frontdoor by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company's stock worth $60,402,000 after buying an additional 89,301 shares during the last quarter.

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.