Truist Financial analyst Mark Hughes maintained a Buy rating on frontdoor (FTDR – Research Report) on November 1 and set a price target of $45.00. The company’s shares closed yesterday at $32.82.
Hughes covers the Financial sector, focusing on stocks such as Brown & Brown, Encore Capital, and MidCap Financial Investment Corporation. According to TipRanks, Hughes has an average return of 13.1% and a 62.04% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for frontdoor with a $43.00 average price target.
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Based on frontdoor’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $524 million and a net profit of $71 million. In comparison, last year the company earned a revenue of $484 million and had a net profit of $28 million
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTDR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
frontdoor (FTDR) Company Description:
frontdoor, Inc. engages in the provision of home service plans. Its service focuses on water heaters, garbage disposals, doorbells. smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors. The company was founded on January 2, 2018 and is headquartered in Memphis, TN.
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