Federal Home Loan Mortgage (OTCMKTS:FMCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm presently has a $1.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.29% from the company’s current price.
According to Zacks, “Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) “
Separately, Odeon Capital Group upgraded Federal Home Loan Mortgage from a “hold” rating to a “buy” rating and set a $1.27 target price on the stock in a report on Monday, July 19th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1.09.
Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings data on Thursday, July 29th. The company reported $0.02 EPS for the quarter. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Federal Home Loan Mortgage had a negative return on equity of 17.16% and a net margin of 18.51%. On average, analysts forecast that Federal Home Loan Mortgage will post 0.12 earnings per share for the current fiscal year.
Federal Home Loan Mortgage Company Profile
Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market by purchasing residential mortgages loans originated by lenders and investing in mortgage loans and mortgage-related securities. It operates through the following segments: Single-family Guarantee, Multifamily, Capital Markets and All Other.
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