Freddie Mac (OTCMKTS:FMCC) Trading Down 4.7% - Should You Sell?

Key Points

• Freddie Mac's stock price declined by 4.7% to $11.01, with trading volume down 46% from the average.
• Analysts have mixed ratings on Freddie Mac, with one upgrade to a "buy" at a target price of $25.00 and an upgrade to "underperform" with a target of $11.00.
• The company reported a quarterly earnings loss of ($0.01) EPS with a negative return on equity of 44.33% and revenue of $5.92 billion.

Shares of Freddie Mac (OTCMKTS:FMCC - Get Free Report) fell 4.7% during mid-day trading on Monday . The stock traded as low as $10.80 and last traded at $11.01. 2,354,735 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 4,328,142 shares. The stock had previously closed at $11.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Freddie Mac in a research report on Thursday, September 11th. They set a "buy" rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price 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 investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Freddie Mac has an average rating of "Hold" and a consensus target price of $18.00.

Freddie Mac Trading Down 4.0%

The firm has a market capitalization of $7.21 billion, a P/E ratio of -369.67 and a beta of 2.09. The stock has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $8.01.

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 (EPS) for the quarter. Freddie Mac had a negative return on equity of 44.33% and a net margin of 9.04%.The business had revenue of $5.92 billion during the quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.