Brokerages Set Freddie Mac (OTCMKTS:FMCC) PT at $15.17

Shares of Freddie Mac (OTCMKTS:FMCC) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.17.

Several research firms have weighed in on FMCC. BTIG Research began coverage on Freddie Mac in a research report on Monday, January 26th. They set a “buy” rating and a $20.00 price target on the stock. Mizuho began coverage on Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 price target on the stock. Finally, Keefe, Bruyette & Woods lowered their price target on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating on the stock in a research report on Monday, April 20th.

Freddie Mac Price Performance

OTCMKTS:FMCC opened at $7.02 on Monday. Freddie Mac has a twelve month low of $3.40 and a twelve month high of $14.99. The stock’s 50 day moving average price is $6.05 and its two-hundred day moving average price is $8.09.

Freddie Mac (OTCMKTS:FMCC) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.61 billion. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%. Sell-side analysts anticipate that Freddie Mac will post 0.01 EPS 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.