Freddie Mac (OTCMKTS:FMCC) Trading Up 4.8% - Time to 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%.

Freddie Mac (OTCMKTS:FMCC - Get Free Report)'s stock price was 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 Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft began coverage on Freddie Mac in a research note on Thursday. They set a "buy" rating and a $25.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Freddie Mac presently has an average rating of "Hold" and a consensus price target of $14.75.

Freddie Mac Price Performance

The stock has a market cap of $9.22 billion, a P/E ratio of -473.00 and a beta of 2.10. The company has a fifty day moving average of $8.56 and a 200 day moving average of $6.95.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.92 billion for the quarter. Freddie Mac had a negative return on equity of 44.33% and a net margin of 9.04%.

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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