Freddie Mac (OTCMKTS:FMCC) Receives $14.90 Consensus Target Price from Analysts

Freddie Mac (OTCMKTS:FMCC) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.90.

Several research firms have weighed in on FMCC. Mizuho assumed coverage on shares of Freddie Mac in a research report on Monday, May 4th. They set an “outperform” rating and a $9.00 target price on the stock. BTIG Research downgraded shares of Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Finally, Wedbush assumed coverage on shares of Freddie Mac in a report on Friday, July 31st. They set an “outperform” rating and a $12.00 price objective on the stock.

Freddie Mac Price Performance

Shares of OTCMKTS:FMCC opened at $5.63 on Wednesday. The business’s 50-day moving average is $5.67 and its 200 day moving average is $6.13. Freddie Mac has a 1 year low of $3.40 and a 1 year high of $14.99. The firm has a market capitalization of $3.66 billion, a P/E ratio of 563.56 and a beta of 1.71.

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.