Freddie Mac (OTCMKTS:FMCC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised their price target for Freddie Mac (FMCC) from $4.50 to $11.00, indicating a potential downside of 16.54% from its previous close, while maintaining an "underperform" rating.
• Deutsche Bank initiated coverage with a "buy" rating and a target price of $25.00, contributing to a consensus rating of "Hold" and an average target price of $18.00 among analysts.
• Freddie Mac's shares recently traded down by 1.7% to $13.18, with a market cap of $8.57 billion and a fifty-two week high of $14.99.

Freddie Mac (OTCMKTS:FMCC - Free Report) had its price target boosted by Keefe, Bruyette & Woods from $4.50 to $11.00 in a research report report published on Thursday,Benzinga reports. They currently have an underperform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Freddie Mac in a research report on Thursday, September 11th. They issued a "buy" rating and a $25.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Freddie Mac presently has an average rating of "Hold" and a consensus target price of $18.00.

Freddie Mac Stock Down 5.8%

OTCMKTS FMCC traded down $0.76 during trading on Thursday, hitting $12.22. The stock had a trading volume of 5,296,349 shares, compared to its average volume of 4,744,053. The company has a market capitalization of $7.95 billion, a PE ratio of -407.47 and a beta of 2.10. The firm has a 50 day moving average price of $9.20 and a 200 day moving average price of $7.25. Freddie Mac has a twelve month low of $1.07 and a twelve month high of $14.99.

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

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.