Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.91 and traded as high as $12.25. Freddie Mac shares last traded at $11.77, with a volume of 3,424,590 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their target price on Freddie Mac from $4.50 to $11.00 and gave the company an "underperform" rating in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Freddie Mac in a research note on Thursday, September 11th. They issued a "buy" rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Freddie Mac has an average rating of "Hold" and an average price target of $18.00.
View Our Latest Report on Freddie Mac
Freddie Mac Stock Performance
The company has a market cap of $7.65 billion, a P/E ratio of -392.33 and a beta of 2.10. The business's fifty day moving average is $9.91 and its two-hundred day moving average is $7.63.
Freddie Mac (OTCMKTS:FMCC - Get Free Report) last issued its earnings results 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 during the quarter.
About Freddie Mac
(
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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.
Further Reading
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