Freddie Mac (OTCMKTS:FMCC) Shares Gap Up – Time to Buy?

Shares of Freddie Mac (OTCMKTS:FMCC) gapped up prior to trading on Thursday . The stock had previously closed at $10.90, but opened at $11.20. Freddie Mac shares last traded at $10.82, with a volume of 423,741 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Freddie Mac from $4.50 to $11.00 and gave the company an “underperform” rating in a research note on Thursday, September 18th. Wedbush upgraded shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 target price for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Freddie Mac in a research note on Thursday, September 11th. They issued a “buy” rating and a $25.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Freddie Mac presently has an average rating of “Hold” and an average price target of $16.45.

Freddie Mac Price Performance

The business has a fifty day moving average of $10.15 and a 200 day moving average of $9.42. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of -1,030.00 and a beta of 1.78.

Freddie Mac Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.