Freddie Mac (OTCMKTS:FMCC) Upgraded at Zacks Research

Freddie Mac (OTCMKTS:FMCC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

FMCC has been the subject of a number of other reports. Mizuho cut Freddie Mac from an “outperform” rating to a “neutral” rating and set a $4.00 price target for the company. in a report on Monday, October 12th. Keefe, Bruyette & Woods dropped their price objective on shares of Freddie Mac from $6.50 to $3.50 and set an “underperform” rating for the company in a research report on Monday, September 28th. Finally, Wedbush initiated coverage on Freddie Mac in a research note on Thursday, October 22nd. They issued an “outperform” rating and a $6.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.38.

Freddie Mac Price Performance

Shares of FMCC opened at $5.00 on Monday. The business’s 50 day simple moving average is $4.35 and its 200-day simple moving average is $5.75. Freddie Mac has a one year low of $2.70 and a one year high of $11.80. The company has a market capitalization of $3.25 billion, a P/E ratio of 234.50 and a beta of 1.75.

Freddie Mac (OTCMKTS:FMCC) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.19 billion. Freddie Mac had a negative return on equity of 121.95% and a net margin of 9.73%. On average, sell-side analysts anticipate that Freddie Mac will post 0.02 EPS for the current fiscal year.

Freddie Mac Company Profile

Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise focused on supporting liquidity, stability and affordability in the U.S. housing market. It operates primarily in the secondary mortgage market rather than making most home loans directly to consumers.

The company purchases residential mortgage loans from approved lenders, providing those institutions with funds to make additional loans. Freddie Mac also pools eligible mortgages into securities that it guarantees and sells to investors.