Freddie Mac (OTCMKTS:FMCC) Shares Up 5% – Here’s What Happened

Shares of Freddie Mac (OTCMKTS:FMCC) were up 5% on Monday . The stock traded as high as $10.27 and last traded at $10.12. Approximately 1,382,426 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 4,189,407 shares. The stock had previously closed at $9.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FMCC shares. Deutsche Bank Aktiengesellschaft started coverage on Freddie Mac in a research report on Thursday, September 11th. They set a “buy” rating and a $25.00 price target on the stock. Keefe, Bruyette & Woods increased their target price on shares of Freddie Mac from $4.50 to $11.00 and gave the stock an “underperform” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Freddie Mac presently has an average rating of “Hold” and an average target price of $18.00.

Freddie Mac Price Performance

The business has a 50-day moving average of $10.47 and a two-hundred day moving average of $9.16. The company has a market cap of $6.44 billion, a P/E ratio of -330.17 and a beta of 2.06.

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.