Federal Home Loan Mortgage (OTCMKTS:FMCC) Stock Rating Lowered by Keefe, Bruyette & Woods

Federal Home Loan Mortgage (OTCMKTS:FMCC) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Wednesday, Marketbeat.com reports. They presently have a $4.00 target price on the stock, up from their previous target price of $2.50. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 29.03% from the stock’s current price.

Federal Home Loan Mortgage Trading Up 6.2 %

Shares of FMCC stock opened at $3.10 on Wednesday. Federal Home Loan Mortgage has a 12-month low of $0.62 and a 12-month high of $3.48. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -51.67 and a beta of 1.69. The stock has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $1.37.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%.

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.