Freddie Mac (OTCMKTS:FMCC) Shares Up 4.8% – Still a Buy?

Freddie Mac (OTCMKTS:FMCC) traded up 4.8% during trading on Friday . The company traded as high as $7.75 and last traded at $7.70. 249,407 shares were traded during trading, a decline of 91% from the average session volume of 2,752,640 shares. The stock had previously closed at $7.35.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FMCC. Zacks Research raised shares of Freddie Mac to a “hold” rating in a research note on Monday, December 15th. Keefe, Bruyette & Woods dropped their target price on shares of Freddie Mac from $11.00 to $9.00 and set an “underperform” rating for the company in a report on Thursday, December 18th. BTIG Research started coverage on Freddie Mac in a report on Monday, January 26th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Wedbush raised Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price objective for the company in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.84.

Freddie Mac Trading Down 1.7%

The business has a 50-day moving average price of $9.57 and a 200 day moving average price of $9.79. The stock has a market capitalization of $4.70 billion, a P/E ratio of -722.25 and a beta of 1.84.

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.