Frontdoor (FTDR) Trading Down 7.2% Following Analyst Downgrade

Frontdoor Inc (NASDAQ:FTDR) shares dropped 7.2% during trading on Wednesday after Compass Point lowered their price target on the stock from $51.75 to $42.00. Compass Point currently has a buy rating on the stock. Frontdoor traded as low as $22.75 and last traded at $23.09. Approximately 16,975 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 975,015 shares. The stock had previously closed at $24.88.

Other research analysts also recently issued research reports about the company. Gabelli initiated coverage on Frontdoor in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $55.00 target price on the stock. Oppenheimer set a $40.00 target price on Frontdoor and gave the company a “buy” rating in a research note on Monday. UBS Group downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, CIBC initiated coverage on Frontdoor in a research note on Tuesday, October 2nd. They issued an “outperform” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.25.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $377.00 million for the quarter, compared to the consensus estimate of $369.50 million. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Frontdoor Inc will post 1.58 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.wkrb13.com/2018/11/09/frontdoor-ftdr-trading-down-7-2-following-analyst-downgrade.html.

About Frontdoor (NASDAQ:FTDR)

frontdoor, inc. operates a home services platform that provides home service plans to homeowners in the United States. It provides services under the HSA, OneGuard, Landmark, and American Home Shield brand names. The company serves homeowners who require assistance with technical home repair issues by utilizing its network of pre-qualified professional contractor firms.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply