Freddie Mac (OTCMKTS:FMCC) Given New $8.50 Price Target at Keefe, Bruyette & Woods

Freddie Mac (OTCMKTS:FMCC) had its target price trimmed by Keefe, Bruyette & Woods from $9.00 to $8.50 in a report published on Monday,Benzinga reports. The firm currently has an underperform rating on the stock.

Separately, BTIG Research began coverage on shares of Freddie Mac in a research note on Monday, January 26th. They issued a “buy” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.71.

Freddie Mac Price Performance

FMCC stock opened at $7.01 on Monday. The company has a fifty day moving average price of $6.14 and a 200 day moving average price of $8.43. Freddie Mac has a 12 month low of $3.40 and a 12 month high of $14.99. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -350.50 and a beta of 1.79.

Freddie Mac Company Profile

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.