Freddie Mac (OTCMKTS:FMCC) Given Consensus Rating of “Moderate Buy” by Brokerages

Freddie Mac (OTCMKTS:FMCC) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.17.

FMCC has been the topic of several recent research reports. Mizuho started coverage on Freddie Mac in a research report on Monday, May 4th. They issued an “outperform” rating and a $9.00 price objective on the stock. BTIG Research cut shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating on the stock in a report on Monday, April 20th.

Freddie Mac Price Performance

Shares of FMCC stock opened at $5.54 on Friday. Freddie Mac has a 52-week low of $3.40 and a 52-week high of $14.99. The business has a 50-day simple moving average of $5.93 and a 200-day simple moving average of $6.55.

Freddie Mac (OTCMKTS:FMCC) last posted its earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The firm had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.61 billion. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%. As a group, sell-side analysts expect that Freddie Mac will post 0.01 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.