Freddie Mac (OTCMKTS:FMCC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Freddie Mac (OTCMKTS:FMCC) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.17.

A number of brokerages have issued reports on FMCC. Keefe, Bruyette & Woods reduced their price objective on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th. BTIG Research began coverage on Freddie Mac in a research note on Monday, January 26th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Mizuho set a $9.00 price objective on Freddie Mac and gave the company an “outperform” rating in a research note on Monday.

Freddie Mac Stock Performance

Shares of Freddie Mac stock opened at $7.13 on Monday. The company has a market capitalization of $4.63 billion, a P/E ratio of -356.30 and a beta of 1.69. The stock has a fifty day simple moving average of $6.04 and a 200 day simple moving average of $8.15. Freddie Mac has a 12-month low of $3.40 and a 12-month high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $5.61 billion. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%. On average, analysts predict that Freddie Mac will post 3.94 EPS for the current year.

Freddie Mac Company Profile

Freddie Mac (OTCMKTS:FMCC), officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.

The company’s primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.