Keefe, Bruyette & Woods Issues Pessimistic Forecast for Freddie Mac (OTCMKTS:FMCC) Stock Price

Freddie Mac (OTCMKTS:FMCC) had its target price lowered by equities research analysts at Keefe, Bruyette & Woods from $11.00 to $9.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “underperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 12.20% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Zacks Research upgraded Freddie Mac to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Freddie Mac in a report on Thursday, September 11th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Wedbush upgraded shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price target on the stock in a report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.78.

Freddie Mac Stock Down 1.0%

Shares of FMCC stock opened at $10.25 on Thursday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of -1,025.00 and a beta of 1.78. Freddie Mac has a 52-week low of $2.23 and a 52-week high of $14.99. The company’s 50 day moving average is $10.05 and its 200 day moving average is $9.48.

About Freddie Mac

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.