Wedbush reaffirmed their underperform rating on shares of Federal Home Loan Mortgage (OTCMKTS:FMCC – Free Report) 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.
View Our Latest Analysis on FMCC
Federal Home Loan Mortgage Stock Down 3.7 %
Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) 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.
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