Freddie Mac (OTCMKTS:FMCC – Get Free Report)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $6.00 price target on the stock. Wedbush’s price objective would suggest a potential upside of 74.42% from the company’s current price.
A number of other equities research analysts have also recently issued reports on FMCC. Mizuho set a $4.00 target price on shares of Freddie Mac and gave the stock a “neutral” rating in a research report on Monday, October 12th. Keefe, Bruyette & Woods reduced their price target on shares of Freddie Mac from $6.50 to $3.50 and set an “underperform” rating on the stock in a research report on Monday, September 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.38.
Check Out Our Latest Stock Report on Freddie Mac
Freddie Mac Price Performance
Shares of OTCMKTS:FMCC opened at $3.44 on Thursday. The business’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $5.58. Freddie Mac has a fifty-two week low of $2.70 and a fifty-two week high of $11.94. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 338.00 and a beta of 1.74.
Freddie Mac Company Profile
Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, is a government-sponsored enterprise focused on supporting liquidity, stability and affordability in the U.S. housing market. It operates primarily in the secondary mortgage market rather than making most home loans directly to consumers.
The company purchases residential mortgage loans from approved lenders, providing those institutions with funds to make additional loans. Freddie Mac also pools eligible mortgages into securities that it guarantees and sells to investors.
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