Freddie Mac (OTCMKTS:FMCC - Get Free Report) was upgraded by stock analysts at Mizuho to a "strong-buy" rating in a report released on Monday,Zacks.com reports.
Other equities analysts have also issued research reports about the stock. BTIG Research initiated coverage on shares of Freddie Mac in a research report on Monday, January 26th. They set a "buy" rating and a $20.00 target price for the company. Keefe, Bruyette & Woods cut their target price on shares of Freddie Mac from $9.00 to $8.50 and set an "underperform" rating for the company in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Freddie Mac currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.17.
View Our Latest Report on FMCC
Freddie Mac Trading Down 8.2%
Shares of OTCMKTS:FMCC opened at $7.10 on Monday. Freddie Mac has a twelve month low of $3.40 and a twelve month high of $14.99. The company has a 50-day moving average price of $6.03 and a two-hundred day moving average price of $8.13.
Freddie Mac (OTCMKTS:FMCC - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.61 billion. Freddie Mac had a net margin of 8.61% and a negative return on equity of 65.39%. As a group, sell-side analysts anticipate that Freddie Mac will post 0.01 EPS for the current fiscal year.
Freddie Mac Company Profile
(
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Freddie Mac OTCMKTS: FMCC, officially the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise chartered by Congress in 1970 to enhance liquidity and stability in the U.S. housing finance system. Headquartered in McLean, Virginia, the company operates under the supervision of the Federal Housing Finance Agency (FHFA) and carries a congressional mandate to support affordable, sustainable homeownership and rental housing markets nationwide.
The company's primary business activities involve purchasing mortgage loans from approved lenders, pooling them into mortgage-backed securities (MBS), and guaranteeing the timely payment of principal and interest to investors.
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