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

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

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

Freddie Mac Price Performance

Shares of OTCMKTS:FMCC opened at $6.46 on Friday. Freddie Mac has a 1-year low of $3.40 and a 1-year high of $14.99. The business has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $7.69.

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