Zacks: Frontdoor Inc (FTDR) Receives Average Recommendation of “Strong Buy” from Analysts

Frontdoor Inc (NASDAQ:FTDR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $42.33 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Frontdoor an industry rank of 224 out of 257 based on the ratings given to its competitors.

FTDR has been the topic of a number of research analyst reports. CIBC initiated coverage on Frontdoor in a research report on Tuesday, October 2nd. They set an “outperform” rating and a $48.00 target price on the stock. Oppenheimer set a $40.00 target price on Frontdoor and gave the stock a “buy” rating in a research report on Monday, November 5th. Compass Point decreased their target price on Frontdoor from $51.75 to $42.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. UBS Group downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, Gabelli initiated coverage on Frontdoor in a research report on Tuesday, October 2nd. They set a “buy” rating and a $55.00 target price on the stock.

Shares of Frontdoor stock traded down $0.41 during trading on Friday, reaching $22.49. The company’s stock had a trading volume of 93,488 shares, compared to its average volume of 1,423,197. Frontdoor has a 12-month low of $20.66 and a 12-month high of $49.92.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $377.00 million during the quarter, compared to analysts’ expectations of $369.50 million. The business’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Frontdoor will post 1.43 earnings per share for the current fiscal year.

About Frontdoor

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.

See Also: Depreciation

Get a free copy of the Zacks research report on Frontdoor (FTDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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