Freddie Mac (OTCMKTS:FMCC) Shares Gap Down - Time to Sell?

Key Points

• Freddie Mac shares gapped down from a previous close of $11.60 to an open of $11.26, trading at $11.30 with a volume of 551,881 shares.
• Analyst ratings for Freddie Mac vary, with one "buy" rating at a target price of $25.00 from Deutsche Bank, while Keefe, Bruyette & Woods set an "underperform" rating with a price target of $11.00.
• Freddie Mac reported a quarterly net margin of 9.04% alongside negative returns on equity of 44.33%, with revenue of $5.92 billion for the quarter ending July 31st.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $11.60, but opened at $11.26. Freddie Mac shares last traded at $11.30, with a volume of 551,881 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on FMCC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Freddie Mac in a research note on Thursday, September 11th. They issued a "buy" rating and a $25.00 price objective for the company. Keefe, Bruyette & Woods raised their price objective on shares of Freddie Mac from $4.50 to $11.00 and gave the company an "underperform" rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $18.00.

Freddie Mac Price Performance

The business's 50-day moving average price is $9.28 and its two-hundred day moving average price is $7.33. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of -379.87 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) earnings per share for the quarter. The firm had revenue of $5.92 billion during the quarter. Freddie Mac had a net margin of 9.04% and a negative return on equity of 44.33%.

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.

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