Freddie Mac (OTCMKTS:FMCC) Receives Average Rating of “Moderate Buy” from Brokerages

Freddie Mac (OTCMKTS:FMCC) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.17.

Several research firms have recently weighed in on FMCC. Mizuho began coverage on shares of Freddie Mac in a report on Monday, May 4th. They issued an “outperform” rating and a $9.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, BTIG Research lowered shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th.

Freddie Mac Stock Up 4.6%

Shares of FMCC stock opened at $5.49 on Friday. The stock’s fifty day simple moving average is $6.06 and its 200 day simple moving average is $6.70. Freddie Mac has a one year low of $3.40 and a one year high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter. Freddie Mac had a negative return on equity of 65.39% and a net margin of 8.61%.The firm had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.61 billion. Equities research analysts expect that Freddie Mac will post 0.01 EPS for the current fiscal year.

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.