Freddie Mac (OTCMKTS:FMCC) Given Average Rating of “Moderate Buy” by Brokerages

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

Several analysts have issued reports on the company. BTIG Research cut Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods dropped their price target on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Finally, Mizuho started coverage on Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 price target on the stock.

Freddie Mac Stock Performance

Shares of OTCMKTS FMCC opened at $6.20 on Tuesday. The stock’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $7.14. Freddie Mac has a 52-week low of $3.40 and a 52-week high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%.The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $5.61 billion. On average, analysts anticipate 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.