Freddie Mac (OTCMKTS:FMCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Freddie Mac (OTCMKTS:FMCC) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $14.90.

Several research analysts have recently issued reports on the stock. Mizuho began coverage on shares of Freddie Mac in a research note on Monday, May 4th. They issued an “outperform” rating and a $9.00 target price on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Freddie Mac from $9.00 to $8.50 and set an “underperform” rating for the company in a research report on Monday, April 20th. BTIG Research lowered shares of Freddie Mac from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Finally, Wedbush initiated coverage on Freddie Mac in a research report on Friday, July 31st. They issued an “outperform” rating and a $12.00 price objective on the stock.

Freddie Mac Price Performance

Shares of Freddie Mac stock opened at $5.33 on Wednesday. Freddie Mac has a 1 year low of $3.40 and a 1 year high of $14.99. The firm’s 50-day moving average is $5.70 and its 200 day moving average is $6.21. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 533.53 and a beta of 1.70.

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.