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

by · The Markets Daily

Shares of Freddie Mac (OTCMKTS:FMCC – Get Free Report) 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.

Get Our Latest Analysis on Freddie Mac

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

(Get Free Report)

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.

Featured Articles