Freddie Mac (OTCMKTS:FMCC) Stock Price Down 4.6% - Should You Sell?

Key Points

• Freddie Mac's stock price fell by 4.6%, closing at $10.84 after trading as low as $10.77 and experiencing a significant decline in volume.
• Analysts have mixed ratings on Freddie Mac, with one encouraging "buy" rating at a target price of $25.00 and another rating it "underperform" with a price objective of $11.00.
• Freddie Mac reported a revenue of $5.92 billion and a negative EPS of ($0.01) for the last quarter, with a market cap of $6.90 billion.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price dropped 4.6% during trading on Friday . The company traded as low as $10.77 and last traded at $10.84. Approximately 1,288,911 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 4,310,532 shares. The stock had previously closed at $11.36.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Freddie Mac in a research report on Thursday, September 11th. They issued a "buy" rating and a $25.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on Freddie Mac from $4.50 to $11.00 and gave the company an "underperform" rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.00.

Freddie Mac Price Performance

The company has a market cap of $6.90 billion, a PE ratio of -353.88 and a beta of 2.09. The business has a 50 day moving average of $11.24 and a 200 day moving average of $8.30.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last released 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

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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