The stock of Frontdoor Inc. (NASDAQ:FTDR) last traded at $31.85, down -0.16% from the previous session.
Data from the available sources indicates that Frontdoor Inc. (NASDAQ:FTDR) is covered by 8 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $38.00 and a low of $23.00, we find $34.00. Given the previous closing price of $31.90, this indicates a potential upside of 6.58 percent. FTDR stock price is now 4.82% away from the 50-day moving average and 23.76% away from the 200-day moving average. The market capitalization of the company currently stands at $2.59B.
In total, 5 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $32.00 as their price target over the next twelve months.
With the price target enhanced from $30 to $38, JP Morgan Upgraded its rating from Neutral to Overweight for Frontdoor Inc. (NASDAQ: FTDR).
Insiders disposed of 16,158 shares of company stock worth roughly $0.51 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FTDR stock. A new stake in Frontdoor Inc. shares was purchased by MIZUHO MARKETS AMERICAS LLC during the first quarter worth $54,145,000. MIZUHO MARKETS CAYMAN LP invested $54,145,000 in shares of FTDR during the first quarter. In the first quarter, NATIONAL BANK OF CANADA /FI/ acquired a new stake in Frontdoor Inc. valued at approximately $38,220,000. HUDSON BAY CAPITAL MANAGEMENT LP acquired a new stake in FTDR for approximately $31,850,000. LIONTRUST INVESTMENT PARTNERS LLP purchased a new stake in FTDR valued at around $19,856,000 in the second quarter. In total, there are 309 active investors with 113.04% ownership of the company’s stock.
With an opening price of $31.80 on Monday morning, Frontdoor Inc. (NASDAQ: FTDR) set off the trading day. During the past 12 months, Frontdoor Inc. has had a low of $19.06 and a high of $33.88. As of last week, the company has a debt-to-equity ratio of 7.29, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $2.85B, which is based on a 28.67 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 0.75. The fifty day moving average price for FTDR is $30.38 and a two-hundred day moving average price translates $25.74 for the stock.
The latest earnings results from Frontdoor Inc. (NASDAQ: FTDR) was released for Mar, 2023. According to the Personal Services Company, earnings per share came in at $0.29, beating analysts’ expectations of $0.08 by 0.21. This compares to $0.01 EPS in the same period last year. The net profit margin was 5.40% and return on equity was 184.80% for FTDR. The company reported revenue of $367.0 million for the quarter, compared to $351.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.56 percent. For the current quarter, analysts expect FTDR to generate $510.22M in revenue.
Frontdoor Inc.(FTDR) Company Profile
Frontdoor, Inc. provides home service plans in the United States. The company’s home service plans cover 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. It also offers on-demand home services business; and Streem, a technology platform that uses augmented reality, computer vision, and machine learning that helps home service professionals quickly and accurately diagnose breakdowns and complete repairs. The company serves homeowners under the Frontdoor, American Home Shield, HSA, OneGuard, Landmark Home Warranty, ProConnect, and Streem brands. The company was founded in 1971 and is headquartered in Memphis, Tennessee.
