Freddie Mac (OTCMKTS:FMCC) Stock Price Up 4.8% - Should You Buy?

Key Points

• Freddie Mac's stock price increased by 4.8%, trading at $14.83 after previously closing at $14.15, but saw a 45% decline in trading volume from its daily average.
• Deutsche Bank started coverage with a buy rating and a target price of $25.00, while Freddie Mac has an average rating of "Hold" by analysts.
• The company reported a revenue of $5.92 billion for the quarter, but had a negative return on equity of -44.33% and a net margin of 9.04%.

Shares of Freddie Mac (OTCMKTS:FMCC - Get Free Report) were up 4.8% during trading on Friday . The stock traded as high as $14.88 and last traded at $14.83. Approximately 2,424,308 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 4,420,079 shares. The stock had previously closed at $14.15.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Freddie Mac in a report on Thursday, September 11th. They issued a "buy" rating and a $25.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $14.75.

Freddie Mac Stock Performance

The company has a market capitalization of $8.61 billion, a P/E ratio of -441.33 and a beta of 2.10. The firm's fifty day moving average is $8.88 and its 200-day moving average is $7.11.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.01) earnings per share 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 for 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.