Freddie Mac (OTCMKTS:FMCC) Shares Gap Up - Should You Buy?

Key Points

• Freddie Mac shares opened at $13.30, up from a previous close of $12.66, with a trading volume of 588,728 shares.
• Deutsche Bank has initiated coverage with a "buy" rating and a price target of $25.00, while Freddie Mac holds a consensus rating of "Hold" with a target price of $14.75.
• In its latest earnings report, Freddie Mac posted a net margin of 9.04% on revenue of $5.92 billion, despite a reported loss of ($0.01) EPS.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.66, but opened at $13.30. Freddie Mac shares last traded at $13.00, with a volume of 588,728 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Freddie Mac in a research report on Thursday, September 11th. They set a "buy" rating and a $25.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $14.75.

Freddie Mac Trading Down 2.0%

The stock has a market cap of $8.29 billion, a P/E ratio of -425.00 and a beta of 2.09. The firm's 50-day simple moving average is $8.78 and its 200 day simple moving average is $7.07.

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

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.