Frontdoor Inc (FTDR) Receives Consensus Rating of “Buy” from Analysts

Shares of Frontdoor Inc (NASDAQ:FTDR) have been given an average recommendation of “Buy” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.49.

FTDR has been the subject of several research reports. SunTrust Banks initiated coverage on Frontdoor in a report on Thursday, March 28th. They set a “buy” rating and a $40.00 price target for the company. Oppenheimer set a $40.00 price target on Frontdoor and gave the company a “buy” rating in a report on Thursday, December 13th. William Blair initiated coverage on Frontdoor in a report on Tuesday, March 26th. They set an “outperform” rating and a $32.40 price target for the company. ValuEngine raised Frontdoor from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, Buckingham Research raised their price target on Frontdoor from $37.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, March 14th.

Frontdoor stock traded up $0.69 on Thursday, hitting $35.17. The company’s stock had a trading volume of 18,266 shares, compared to its average volume of 1,068,038. The firm has a market capitalization of $2.92 billion and a PE ratio of 19.87. Frontdoor has a one year low of $20.66 and a one year high of $49.92.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, February 27th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.15. The business had revenue of $279.00 million for the quarter, compared to analyst estimates of $277.87 million. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share. As a group, sell-side analysts forecast that Frontdoor will post 1.46 EPS for the current year.

Frontdoor Company Profile

frontdoor, inc. provides home service plans to homeowners under the American Home Shield, HSA, Landmark, and OneGuard brands in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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