Freddie Mac (OTCMKTS:FMCC) Sets New 1-Year High - Should You Buy?

Key Points

• Freddie Mac's stock reached a new 52-week high at $12.95 before closing at $12.70, with a trading volume of approximately 8 million shares.
• The company's market capitalization stands at $8.26 billion, with a negative P/E ratio of -423.33 and a beta of 2.09.
• In its latest earnings report, Freddie Mac posted revenue of $5.92 billion but reported a loss of $0.01 per share, indicating a net margin of 9.04% and a return on equity of -44.33%.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $12.95 and last traded at $12.70, with a volume of 8093498 shares trading hands. The stock had previously closed at $11.88.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Freddie Mac in a research note on Thursday. They issued a "buy" rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.75.

Freddie Mac Trading Down 4.6%

The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -450.00 and a beta of 2.10. The company's 50 day simple moving average is $8.67 and its 200-day simple moving average is $7.01.

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

About Freddie Mac

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.