Freddie Mac’s (FMCC) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Freddie Mac (OTCMKTS:FMCC) in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a $6.00 target price on the stock.

Several other research firms have also recently weighed in on FMCC. Mizuho set a $4.00 target price on Freddie Mac and gave the stock a “neutral” rating in a research note on Monday, October 12th. Keefe, Bruyette & Woods lowered their price target on Freddie Mac from $6.50 to $3.50 and set an “underperform” rating for the company in a report on Monday, September 28th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.38.

Freddie Mac Price Performance

Freddie Mac stock opened at $3.71 on Thursday. Freddie Mac has a 1-year low of $2.70 and a 1-year high of $11.80. The stock has a market cap of $2.41 billion, a PE ratio of 371.37 and a beta of 1.74. The stock’s fifty day moving average is $4.54 and its two-hundred day moving average is $5.56.

About Freddie Mac

Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise focused on supporting liquidity, stability and affordability in the U.S. housing market. It operates primarily in the secondary mortgage market rather than making most home loans directly to consumers.

The company purchases residential mortgage loans from approved lenders, providing those institutions with funds to make additional loans. Freddie Mac also pools eligible mortgages into securities that it guarantees and sells to investors.