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

Freddie Mac (OTCMKTS:FMCC) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.17.

FMCC has been the subject of a number of research analyst reports. Mizuho initiated coverage on Freddie Mac in a research report on Monday, May 4th. They issued an “outperform” rating and a $9.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research report on Monday, April 20th.

Freddie Mac Price Performance

FMCC stock opened at $6.18 on Friday. The stock has a 50-day moving average price of $6.40 and a 200-day moving average price of $7.64. Freddie Mac has a 1-year low of $3.40 and a 1-year high of $14.99.

Freddie Mac (OTCMKTS:FMCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.01 earnings per share 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. As a group, equities research analysts forecast that Freddie Mac will post 0.01 earnings per share for the current 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.