Freddie Mac (OTCMKTS:FMCC) Shares Down 4.7% – Should You Sell?

Freddie Mac (OTCMKTS:FMCC) traded down 4.7% during trading on Monday . The company traded as low as $5.17 and last traded at $5.23. Approximately 248,310 shares were traded during trading, a decline of 92% from the average session volume of 2,941,742 shares. The stock had previously closed at $5.49.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FMCC shares. Mizuho initiated coverage on shares of Freddie Mac in a research note on Monday, May 4th. They set an “outperform” rating and a $9.00 price objective on the stock. Keefe, Bruyette & Woods cut their price target on 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 Freddie Mac from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Freddie Mac Stock Down 3.4%

The firm has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $6.62.

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

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.