Freddie Mac (OTCMKTS:FMCC) Shares Up 9.5% - Time to Buy?

Key Points

• Freddie Mac shares jumped 9.5% to $6.47 midday (from a prior close of $5.91), with about 2.73 million shares trading—below the ~3.44 million average volume.
• Analyst views are mixed but the consensus is a Moderate Buy with an average price target of $16.84, while individual targets range roughly from $9 to $20.
• The company has a market cap of $4.51 billion and a negative P/E (-347); its 50‑day moving average ($6.18) sits below the 200‑day ($8.74), indicating recent underperformance versus longer-term trend.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s share price shot up 9.5% during mid-day trading on Thursday . The company traded as high as $6.47 and last traded at $6.47. 2,728,637 shares changed hands during trading, a decline of 21% from the average session volume of 3,436,665 shares. The stock had previously closed at $5.91.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FMCC. Zacks Research upgraded shares of Freddie Mac to a "hold" rating in a research note on Monday, December 15th. BTIG Research began coverage on shares of Freddie Mac in a research note on Monday, January 26th. They set a "buy" rating and a $20.00 price target on the stock. Wedbush upgraded shares of Freddie Mac from an "underperform" rating to an "outperform" rating and set a $13.35 price target on the stock in a research note on Friday, December 12th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Freddie Mac from $11.00 to $9.00 and set an "underperform" rating on the stock in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.84.

Freddie Mac Stock Up 17.4%

The stock has a market cap of $4.51 billion, a price-to-earnings ratio of -347.00 and a beta of 1.79. The stock's 50 day moving average price is $6.18 and its two-hundred day moving average price is $8.74.

About Freddie Mac

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.

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