Freddie Mac (OTCMKTS:FMCC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Freddie Mac (OTCMKTS:FMCC) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.17.

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

Freddie Mac Trading Down 2.1%

Shares of FMCC opened at $6.46 on Friday. The stock has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $7.69. 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 earnings results on Thursday, April 30th. The company reported $0.01 earnings per share for the quarter. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%.The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.61 billion. Analysts expect that Freddie Mac will post 0.01 earnings per share 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.