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

Freddie Mac (OTCMKTS:FMCC) shares gapped up prior to trading 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 Upgrades and Downgrades

A number of research firms recently weighed in 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 research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft started coverage on Freddie Mac in a report on Thursday, September 11th. They set a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Freddie Mac has an average rating of “Hold” and a consensus price target of $18.00.

Freddie Mac Stock Performance

The stock has a market cap of $6.94 billion, a PE ratio of -1,067.00 and a beta of 1.78. The firm has a 50-day moving average price of $10.22 and a 200-day moving average price of $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.