Freddie Mac (OTCMKTS:FMCC) Stock Keeps Outperform Rating at Wedbush

Freddie Mac (OTCMKTS:FMCC)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $6.00 price objective on the stock. Wedbush’s price target would indicate a potential upside of 74.42% from the company’s current price.

FMCC has been the topic of a number of other reports. Mizuho set a $4.00 price objective on shares of Freddie Mac and gave the company a “neutral” rating in a research note on Monday, October 12th. Keefe, Bruyette & Woods dropped their target price on shares of Freddie Mac from $6.50 to $3.50 and set an “underperform” rating for the company in a research report on Monday, September 28th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.38.

Freddie Mac Price Performance

FMCC opened at $3.44 on Thursday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 338.00 and a beta of 1.74. The firm has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $5.58. Freddie Mac has a fifty-two week low of $2.70 and a fifty-two week high of $11.94.

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.