Frontdoor (NASDAQ:FTDR) Receives Buy Rating from SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of Frontdoor (NASDAQ:FTDR) in a report published on Monday morning, AnalystRatings.com reports. They currently have a $54.00 target price on the stock. SunTrust Banks also issued estimates for Frontdoor’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $1.82 EPS, FY2020 earnings at $2.01 EPS, FY2021 earnings at $2.33 EPS, FY2022 earnings at $2.70 EPS and FY2023 earnings at $3.08 EPS.

FTDR has been the topic of a number of other reports. Buckingham Research downgraded Frontdoor from a buy rating to a neutral rating and set a $49.00 price target on the stock. in a research note on Wednesday, July 31st. Guggenheim lifted their price target on Frontdoor from $43.00 to $55.00 and gave the company a buy rating in a research note on Monday, August 19th. Oppenheimer lifted their price target on Frontdoor from $40.00 to $50.00 and gave the company an outperform rating in a research note on Thursday, August 8th. Wells Fargo & Co downgraded Frontdoor from an outperform rating to a market perform rating and lifted their price target for the company from $50.00 to $55.00 in a research note on Thursday, September 26th. Finally, Zacks Investment Research downgraded Frontdoor from a buy rating to a hold rating in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $47.16.

Shares of Frontdoor stock traded up $0.76 during trading on Monday, reaching $44.24. The company’s stock had a trading volume of 397,100 shares, compared to its average volume of 592,237. Frontdoor has a 12-month low of $20.66 and a 12-month high of $53.29. The company has a market capitalization of $3.62 billion and a P/E ratio of 24.99. The business has a 50 day moving average price of $48.15 and a 200-day moving average price of $45.71.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. Frontdoor had a negative return on equity of 54.13% and a net margin of 11.23%. The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts predict that Frontdoor will post 1.84 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Frontdoor by 5.7% during the second quarter. Vanguard Group Inc. now owns 7,801,775 shares of the company’s stock worth $339,767,000 after purchasing an additional 421,097 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Frontdoor by 3.0% during the second quarter. Janus Henderson Group PLC now owns 6,297,086 shares of the company’s stock worth $274,238,000 after purchasing an additional 182,818 shares during the last quarter. BlackRock Inc. raised its holdings in Frontdoor by 16.0% during the second quarter. BlackRock Inc. now owns 3,847,270 shares of the company’s stock worth $167,549,000 after purchasing an additional 531,642 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in Frontdoor by 9.7% during the second quarter. Longview Partners Guernsey LTD now owns 3,383,596 shares of the company’s stock worth $147,356,000 after purchasing an additional 299,316 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Frontdoor during the second quarter worth $83,645,000. 95.02% of the stock is owned by hedge funds and other institutional investors.

About Frontdoor

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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Analyst Recommendations for Frontdoor (NASDAQ:FTDR)

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