Deutsche Bank Aktiengesellschaft Initiates Coverage on Freddie Mac (OTCMKTS:FMCC)

Key Points

• Deutsche Bank Aktiengesellschaft has initiated coverage of Freddie Mac (OTCMKTS:FMCC), assigning a "buy" rating and a price target of $25.00, indicating a potential upside of 97.47% from the current price.
• Freddie Mac's stock opened at $12.66, with a one-year trading range between $1.06 and $13.50, alongside a current market cap of $8.23 billion.
• The company reported quarterly earnings of ($0.01) earnings per share with revenues of $5.92 billion during the last reporting period.

Equities research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of Freddie Mac (OTCMKTS:FMCC - Get Free Report) in a research report issued on Thursday, Marketbeat reports. The brokerage set a "buy" rating and a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 92.90% from the stock's previous close.

Freddie Mac Price Performance

Freddie Mac stock traded down $0.05 during mid-day trading on Thursday, reaching $12.96. 1,704,614 shares of the company were exchanged, compared to its average volume of 4,458,225. The company has a fifty day simple moving average of $8.78 and a 200-day simple moving average of $7.07. Freddie Mac has a 12 month low of $1.07 and a 12 month high of $14.99. The firm has a market cap of $8.42 billion, a PE ratio of -432.00 and a beta of 2.09.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.01) EPS for the quarter. Freddie Mac had a negative return on equity of 44.33% and a net margin of 9.04%.The company had revenue of $5.92 billion for the quarter.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.