Analysts Set Freddie Mac (OTCMKTS:FMCC) PT at $14.90

Freddie Mac (OTCMKTS:FMCC) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.3750.

A number of analysts have recently issued reports on the stock. Wedbush began coverage on shares of Freddie Mac in a research report on Friday, July 31st. They issued an “outperform” rating and a $12.00 target price for the company. BTIG Research downgraded Freddie Mac from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th.

Freddie Mac Price Performance

FMCC stock opened at $5.11 on Friday. The firm has a 50 day simple moving average of $5.50 and a two-hundred day simple moving average of $5.92. The stock has a market cap of $3.32 billion, a PE ratio of 511.51 and a beta of 1.73. Freddie Mac has a one year low of $3.40 and a one year high of $14.99.

Freddie Mac Company Profile

Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a U.S. government-sponsored enterprise that supports liquidity, stability and affordability in the residential mortgage market. The company operates in the secondary mortgage market, purchasing qualifying mortgage loans from approved lenders and providing lenders with funds that can be used to make additional home loans.

Freddie Mac finances these activities primarily by pooling mortgages into mortgage-backed securities, including its mortgage participation certificates, and guaranteeing the timely payment of principal and interest to investors.