Freddie Mac (OTCMKTS:FMCC) Sees Unusually-High Trading Volume – Still a Buy?

Freddie Mac (OTCMKTS:FMCC) saw unusually-high trading volume on Thursday . Approximately 2,761,577 shares were traded during trading, an increase of 48% from the previous session’s volume of 1,866,528 shares.The stock last traded at $8.37 and had previously closed at $9.18.

Analysts Set New Price Targets

Several analysts recently issued reports on FMCC shares. Keefe, Bruyette & Woods lowered their price target on Freddie Mac from $11.00 to $9.00 and set an “underperform” rating for the company in a report on Thursday, December 18th. Zacks Research upgraded Freddie Mac to a “hold” rating in a research note on Monday, December 15th. Finally, Wedbush raised shares of Freddie Mac from an “underperform” rating to an “outperform” rating and set a $13.35 price objective for the company in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.78.

Freddie Mac Stock Performance

The business’s 50 day moving average price is $9.88 and its two-hundred day moving average price is $9.79. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of -858.00 and a beta of 1.84.

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.