Freddie Mac (OTCMKTS:FMCC) Receives Average Rating of “Moderate Buy” from Brokerages

Freddie Mac (OTCMKTS:FMCC) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.17.

A number of analysts have commented on FMCC shares. Mizuho started coverage on Freddie Mac in a research report on Monday, May 4th. They issued an “outperform” rating and a $9.00 price objective for the company. BTIG Research downgraded Freddie Mac from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods reduced their price objective on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research report on Monday, April 20th.

Freddie Mac Stock Performance

Shares of OTCMKTS:FMCC opened at $5.87 on Tuesday. The business has a 50 day moving average price of $6.48 and a 200 day moving average price of $7.31. Freddie Mac has a twelve month low of $3.40 and a twelve month 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 firm had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $5.61 billion. Research analysts forecast 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.