Frontdoor (NASDAQ:FTDR) had its price target raised by Guggenheim from $43.00 to $55.00 in a report released on Monday, The Fly reports. Guggenheim currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on FTDR. Zacks Investment Research upgraded shares of Frontdoor from a hold rating to a strong-buy rating and set a $58.00 price objective for the company in a report on Saturday, August 10th. Raymond James raised their target price on shares of Frontdoor from $45.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, June 26th. Buckingham Research downgraded shares of Frontdoor from a buy rating to a neutral rating and set a $49.00 target price on the stock. in a research report on Wednesday, July 31st. Compass Point reissued a buy rating and set a $47.50 target price (up previously from $45.00) on shares of Frontdoor in a research report on Thursday, May 9th. Finally, Goldman Sachs Group began coverage on shares of Frontdoor in a research report on Wednesday, April 24th. They set a buy rating and a $41.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $47.30.
Shares of FTDR opened at $51.73 on Monday. Frontdoor has a 1-year low of $20.66 and a 1-year high of $52.19. The company has a 50-day moving average of $46.76 and a 200 day moving average of $38.84. The firm has a market capitalization of $4.30 billion and a price-to-earnings ratio of 29.23.
A number of hedge funds and other institutional investors have recently bought and sold shares of FTDR. Synovus Financial Corp purchased a new position in Frontdoor during the 1st quarter valued at about $29,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Frontdoor in the 1st quarter worth approximately $34,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Frontdoor in the 2nd quarter worth approximately $40,000. Quantamental Technologies LLC purchased a new position in shares of Frontdoor in the 2nd quarter worth approximately $74,000. Finally, Aperio Group LLC purchased a new position in shares of Frontdoor in the 2nd quarter worth approximately $78,000.
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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