Bank of Montreal Can Boosts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Bank of Montreal Can raised its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 12.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,060 shares of the company’s stock after acquiring an additional 1,031 shares during the period. Bank of Montreal Can’s holdings in Frontdoor were worth $495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. USA Financial Formulas purchased a new position in Frontdoor during the fourth quarter valued at $60,000. TD Private Client Wealth LLC grew its position in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC purchased a new stake in shares of Frontdoor in the fourth quarter worth about $96,000. Finally, GAMMA Investing LLC boosted its stake in Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have issued reports on FTDR. Truist Financial lifted their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group decreased their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Frontdoor presently has an average rating of “Hold” and a consensus target price of $50.25.

Frontdoor Price Performance

NASDAQ:FTDR opened at $39.64 on Tuesday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 13.13 and a beta of 1.19. Frontdoor, Inc. has a twelve month low of $30.31 and a twelve month high of $63.49. The stock has a fifty day simple moving average of $43.06 and a 200-day simple moving average of $51.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.