Frontdoor (NASDAQ:FTDR) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Frontdoor (NASDAQ:FTDR) from a hold rating to a sell rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Frontdoor Inc. is the parent company of home service plan brands consisting of American Home Shield, HSA, Landmark and OneGuard. The company’s customizable home service plans help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. Frontdoor Inc. is based in TN, United States. “

A number of other research firms have also recently weighed in on FTDR. Compass Point cut Redfin from a buy rating to a neutral rating and lowered their price target for the stock from $25.00 to $22.00 in a report on Thursday, May 9th. SunTrust Banks restated a buy rating and issued a $25.00 price target on shares of Cardlytics in a report on Tuesday, May 21st. Wells Fargo & Co began coverage on Frontdoor in a report on Monday, March 25th. They issued an outperform rating on the stock. Buckingham Research upped their price target on Frontdoor from $44.00 to $49.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Finally, Goldman Sachs Group set a $131.00 price target on Microsoft and gave the stock a buy rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $43.91.

Shares of FTDR stock opened at $45.32 on Thursday. The stock has a market cap of $3.83 billion and a P/E ratio of 25.60. The stock’s 50 day simple moving average is $42.11. Frontdoor has a 12-month low of $20.66 and a 12-month high of $49.92.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $271.00 million during the quarter, compared to analyst estimates of $268.69 million. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. On average, equities research analysts forecast that Frontdoor will post 1.49 earnings per share for the current year.

In related news, Director Peter L. Cella bought 7,000 shares of the stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $38.47 per share, for a total transaction of $269,290.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. CWM LLC bought a new stake in shares of Frontdoor during the 1st quarter valued at about $5,152,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Frontdoor during the 1st quarter valued at about $198,000. Virginia Retirement Systems ET AL bought a new stake in shares of Frontdoor during the 1st quarter valued at about $663,000. BNP Paribas Arbitrage SA bought a new stake in shares of Frontdoor during the 1st quarter valued at about $163,000. Finally, AMI Asset Management Corp bought a new stake in shares of Frontdoor during the 1st quarter valued at about $11,561,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Frontdoor Company Profile

frontdoor, inc. provides home service plans 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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