Raymond James Cuts Frontdoor (NASDAQ:FTDR) Price Target to $27.00

Frontdoor (NASDAQ:FTDRGet Rating) had its price objective cut by Raymond James from $31.00 to $27.00 in a report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on FTDR. Truist Financial cut shares of Frontdoor from a buy rating to a hold rating and reduced their price objective for the company from $32.00 to $29.00 in a research report on Monday, May 23rd. Oppenheimer decreased their price objective on Frontdoor from $41.00 to $34.00 in a report on Friday, May 6th. Finally, The Goldman Sachs Group downgraded shares of Frontdoor from a neutral rating to a sell rating and reduced their target price for the stock from $27.00 to $21.00 in a report on Thursday, June 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $33.50.

Frontdoor Trading Up 3.6 %

NASDAQ:FTDR opened at $25.96 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 304.00. Frontdoor has a 52 week low of $20.30 and a 52 week high of $48.66. The firm has a market capitalization of $2.14 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.77 and a beta of 0.49. The company has a fifty day moving average of $24.43 and a 200 day moving average of $28.79.

Frontdoor (NASDAQ:FTDRGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $487.00 million for the quarter, compared to analysts’ expectations of $476.55 million. Frontdoor had a net margin of 7.16% and a return on equity of 913.64%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, research analysts predict that Frontdoor will post 1.35 earnings per share for the current year.

Insider Transactions at Frontdoor

In other news, Director Anna C. Catalano acquired 4,000 shares of Frontdoor stock in a transaction that occurred on Wednesday, May 25th. The stock was purchased at an average cost of $25.00 per share, with a total value of $100,000.00. Following the purchase, the director now owns 20,595 shares in the company, valued at $514,875. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director William C. Cobb acquired 10,000 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $25.51 per share, for a total transaction of $255,100.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at approximately $255,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anna C. Catalano acquired 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The stock was bought at an average price of $25.00 per share, with a total value of $100,000.00. Following the purchase, the director now directly owns 20,595 shares in the company, valued at approximately $514,875. The disclosure for this purchase can be found here. Corporate insiders own 0.68% of the company’s stock.

Institutional Investors Weigh In On Frontdoor

Several hedge funds and other institutional investors have recently made changes to their positions in FTDR. Richelieu Gestion PLC acquired a new stake in shares of Frontdoor during the 1st quarter worth about $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in Frontdoor during the fourth quarter worth approximately $26,000. Nisa Investment Advisors LLC acquired a new position in Frontdoor during the second quarter worth approximately $37,000. First Horizon Advisors Inc. increased its position in Frontdoor by 289.6% during the second quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $40,000 after buying an additional 1,231 shares during the period. Finally, CENTRAL TRUST Co purchased a new position in shares of Frontdoor in the 4th quarter valued at approximately $68,000.

Frontdoor Company Profile

(Get Rating)

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 central heating, ventilation, and air conditioning systems.

Further Reading

Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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