Analysts Set Freddie Mac (OTCMKTS:FMCC) Price Target at $15.17

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

FMCC has been the topic of several research reports. BTIG Research lowered shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods decreased their target price on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Mizuho started coverage on shares of Freddie Mac in a report on Monday, May 4th. They set an “outperform” rating and a $9.00 target price for the company.

Freddie Mac Trading Up 5.8%

FMCC opened at $5.81 on Friday. The stock has a fifty day simple moving average of $6.04 and a two-hundred day simple moving average of $6.65. Freddie Mac has a 12-month low of $3.40 and a 12-month high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last announced its earnings results on Thursday, April 30th. The company reported $0.01 EPS for the quarter. The firm had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Freddie Mac had a net margin of 8.61% and a negative return on equity of 65.39%. Research analysts forecast that Freddie Mac will post 0.01 earnings per share for the current fiscal year.

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.