Freddie Mac (OTCMKTS:FMCC) Shares Up 9.3% – Time to Buy?

Freddie Mac (OTCMKTS:FMCC) traded up 9.3% on Tuesday . The company traded as high as $11.80 and last traded at $11.7470. 2,088,610 shares changed hands during trading, a decline of 50% from the average session volume of 4,140,412 shares. The stock had previously closed at $10.75.

Analyst Ratings Changes

FMCC has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft assumed coverage on Freddie Mac in a research note on Thursday, September 11th. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.00.

Freddie Mac Stock Up 0.8%

The company has a market capitalization of $7.14 billion, a P/E ratio of -1,099.00 and a beta of 1.78. The firm has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $9.40.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.