Freddie Mac (OTCMKTS:FMCC) Receives $15.17 Consensus Target Price from Analysts

Shares of Freddie Mac (OTCMKTS:FMCC) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.17.

Several research firms recently commented on FMCC. Keefe, Bruyette & Woods decreased their price target on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a report on Monday, April 20th. BTIG Research cut shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Finally, Mizuho initiated coverage on shares of Freddie Mac in a research report on Monday, May 4th. They issued an “outperform” rating and a $9.00 price target on the stock.

Freddie Mac Trading Down 5.4%

Shares of FMCC opened at $6.17 on Tuesday. Freddie Mac has a one year low of $3.40 and a one year high of $14.99. The company has a 50-day moving average of $6.40 and a two-hundred day moving average of $7.21.

Freddie Mac (OTCMKTS:FMCC) last announced its earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Freddie Mac had a net margin of 8.61% and a negative return on equity of 65.39%. Equities analysts forecast that Freddie Mac will post 0.01 EPS for the current year.

About Freddie Mac

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.