Freddie Mac (OTCMKTS:FMCC) Shares Gap Up – What’s Next?

Shares of Freddie Mac (OTCMKTS:FMCC) gapped up before the market opened on Thursday . The stock had previously closed at $10.90, but opened at $11.20. Freddie Mac shares last traded at $10.82, with a volume of 423,741 shares traded.

Analyst Ratings Changes

Several research firms recently commented on FMCC. Keefe, Bruyette & Woods raised their price target on shares of Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Freddie Mac in a research note on Thursday, September 11th. They issued a “buy” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

Freddie Mac Trading Down 2.1%

The stock has a market capitalization of $6.94 billion, a P/E ratio of -1,067.00 and a beta of 1.78. The business’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $9.39.

Freddie Mac Company Profile

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.