California Public Employees Retirement System raised its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,864 shares of the company’s stock after buying an additional 5,536 shares during the period. California Public Employees Retirement System owned about 0.26% of Frontdoor worth $4,407,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of FTDR. Raymond James & Associates boosted its stake in shares of Frontdoor by 25.1% during the 1st quarter. Raymond James & Associates now owns 9,646 shares of the company’s stock valued at $288,000 after buying an additional 1,933 shares during the period. US Bancorp DE boosted its stake in shares of Frontdoor by 11.0% during the 1st quarter. US Bancorp DE now owns 20,310 shares of the company’s stock valued at $606,000 after buying an additional 2,017 shares during the period. Citigroup Inc. boosted its stake in shares of Frontdoor by 42.5% during the 1st quarter. Citigroup Inc. now owns 13,991 shares of the company’s stock valued at $418,000 after buying an additional 4,172 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Frontdoor during the 1st quarter valued at $128,000. Finally, BlackRock Inc. lifted its stake in shares of Frontdoor by 7.1% in the 1st quarter. BlackRock Inc. now owns 3,755,323 shares of the company’s stock valued at $112,096,000 after purchasing an additional 249,371 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. raised shares of Frontdoor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $38.00 in a research note on Thursday, May 4th. Wells Fargo & Company lifted their price objective on shares of Frontdoor from $27.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Frontdoor has a consensus rating of “Hold” and an average price target of $29.60.
Frontdoor Stock Down 0.3 %
Frontdoor stock opened at $31.30 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 28.20 and a beta of 0.71. The company has a debt-to-equity ratio of 7.08, a current ratio of 0.96 and a quick ratio of 0.96. Frontdoor, Inc. has a fifty-two week low of $19.06 and a fifty-two week high of $33.88. The firm has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $25.59.
Frontdoor (NASDAQ:FTDR – Get Rating) last released its earnings results on Thursday, May 4th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $360.74 million. Frontdoor had a net margin of 5.43% and a return on equity of 251.78%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, analysts forecast that Frontdoor, Inc. will post 1.34 earnings per share for the current year.
Frontdoor Profile
(Get Rating)
Frontdoor, Inc engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Frontdoor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Frontdoor wasn’t on the list.
While Frontdoor currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
California Public Employees Retirement System raised its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR – Get Rating) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,864 shares of the company’s stock after buying an additional 5,536 shares during the period. California Public Employees Retirement System owned about 0.26% of Frontdoor worth $4,407,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of FTDR. Raymond James & Associates boosted its stake in shares of Frontdoor by 25.1% during the 1st quarter. Raymond James & Associates now owns 9,646 shares of the company’s stock valued at $288,000 after buying an additional 1,933 shares during the period. US Bancorp DE boosted its stake in shares of Frontdoor by 11.0% during the 1st quarter. US Bancorp DE now owns 20,310 shares of the company’s stock valued at $606,000 after buying an additional 2,017 shares during the period. Citigroup Inc. boosted its stake in shares of Frontdoor by 42.5% during the 1st quarter. Citigroup Inc. now owns 13,991 shares of the company’s stock valued at $418,000 after buying an additional 4,172 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Frontdoor during the 1st quarter valued at $128,000. Finally, BlackRock Inc. lifted its stake in shares of Frontdoor by 7.1% in the 1st quarter. BlackRock Inc. now owns 3,755,323 shares of the company’s stock valued at $112,096,000 after purchasing an additional 249,371 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on FTDR shares. JPMorgan Chase & Co. raised shares of Frontdoor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $30.00 to $38.00 in a research note on Thursday, May 4th. Wells Fargo & Company lifted their price objective on shares of Frontdoor from $27.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, March 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Frontdoor has a consensus rating of “Hold” and an average price target of $29.60.
Frontdoor Stock Down 0.3 %
Frontdoor stock opened at $31.30 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 28.20 and a beta of 0.71. The company has a debt-to-equity ratio of 7.08, a current ratio of 0.96 and a quick ratio of 0.96. Frontdoor, Inc. has a fifty-two week low of $19.06 and a fifty-two week high of $33.88. The firm has a fifty day moving average price of $27.76 and a two-hundred day moving average price of $25.59.
Frontdoor (NASDAQ:FTDR – Get Rating) last released its earnings results on Thursday, May 4th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22. The firm had revenue of $367.00 million during the quarter, compared to analyst estimates of $360.74 million. Frontdoor had a net margin of 5.43% and a return on equity of 251.78%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 EPS. As a group, analysts forecast that Frontdoor, Inc. will post 1.34 earnings per share for the current year.
Frontdoor Profile
(Get Rating)
Frontdoor, Inc engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Frontdoor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Frontdoor wasn’t on the list.
While Frontdoor currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
