Freddie Mac (OTCMKTS:FMCC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Freddie Mac (OTCMKTS:FMCC) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.17.

FMCC has been the subject of several analyst reports. BTIG Research downgraded Freddie Mac from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods cut their target price on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research report on Monday, April 20th. Finally, Mizuho initiated coverage on Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 target price for the company.

Freddie Mac Trading Down 1.8%

Shares of FMCC stock opened at $5.87 on Tuesday. The stock has a 50 day moving average of $6.48 and a two-hundred day moving average of $7.31. Freddie Mac has a 12 month low of $3.40 and a 12 month high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last posted its earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $5.61 billion. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%. On average, equities analysts anticipate that Freddie Mac will post 0.01 earnings per share for the current fiscal year.

Freddie Mac Company Profile

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.