Freddie Mac (OTCMKTS:FMCC) Sees Large Volume Increase – What’s Next?

Shares of Freddie Mac (OTCMKTS:FMCC) saw an uptick in trading volume on Thursday . 7,219,618 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 4,189,068 shares.The stock last traded at $6.9630 and had previously closed at $8.50.

Wall Street Analyst Weigh In

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

Freddie Mac Trading Down 3.3%

The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of -274.00 and a beta of 2.06. The business’s 50 day moving average price is $11.40 and its two-hundred day moving average price is $8.83.

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.