Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Freddie Mac (OTCMKTS:FMCC) Stock

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 objective boosted by Keefe, Bruyette & Woods from $4.50 to $11.00 in a research note released on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the stock.

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

Freddie Mac Stock Down 3.4%

FMCC traded down $0.42 during trading on Thursday, hitting $11.81. The company's stock had a trading volume of 2,256,256 shares, compared to its average volume of 4,449,871. Freddie Mac has a one year low of $1.07 and a one year high of $14.99. The firm has a market cap of $7.68 billion, a PE ratio of -393.60 and a beta of 2.09. The business's 50 day simple moving average is $9.20 and its 200-day simple moving average is $7.28.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) last announced its quarterly earnings data 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 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.