Analysts Set Freddie Mac (OTCMKTS:FMCC) Price Target at $15.17

Freddie Mac (OTCMKTS:FMCC) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.17.

FMCC has been the topic of several recent analyst reports. Mizuho initiated coverage on shares of Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th.

Freddie Mac Stock Performance

Shares of FMCC stock opened at $6.06 on Friday. Freddie Mac has a one year low of $3.40 and a one year high of $14.99. The company’s fifty day moving average price is $6.46 and its 200-day moving average price is $7.60.

Freddie Mac (OTCMKTS:FMCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $5.61 billion. Freddie Mac had a net margin of 8.61% and a negative return on equity of 65.39%. Equities research analysts predict that Freddie Mac will post 0.01 EPS for the current fiscal 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.