Federal Home Loan Mortgage’s (FMCC) Underperform Rating Reaffirmed at Wedbush

Wedbush reaffirmed their underperform rating on shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) in a report issued on Monday, RTT News reports. Wedbush currently has a $0.75 price target on the stock.

Separately, Keefe, Bruyette & Woods raised Federal Home Loan Mortgage from a market perform rating to an outperform rating and lifted their target price for the company from $1.25 to $2.50 in a research report on Monday, February 26th.

Federal Home Loan Mortgage Stock Down 3.7 %

OTCMKTS FMCC opened at $1.30 on Monday. Federal Home Loan Mortgage has a 52 week low of $0.43 and a 52 week high of $1.75. The company has a fifty day moving average of $1.41 and a two-hundred day moving average of $1.16.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.01 earnings per share for the quarter. Federal Home Loan Mortgage had a negative return on equity of 27.89% and a net margin of 10.09%. The firm had revenue of $5.76 billion for the quarter.

Federal Home Loan Mortgage 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.