Stock analysts at B. Riley initiated coverage on shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) in a note issued to investors on Friday, MarketBeat reports. The firm set a “neutral” rating and a $2.00 price target on the stock. B. Riley’s price objective would suggest a potential downside of 24.81% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Keefe, Bruyette & Woods upgraded Federal Home Loan Mortgage from an “underperform” rating to a “market perform” rating and set a $4.00 target price on the stock in a research note on Tuesday, October 8th. Odeon Capital Group raised Federal Home Loan Mortgage to a “hold” rating in a research note on Wednesday, November 20th. Finally, Compass Point upgraded Federal Home Loan Mortgage from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, September 9th.
Federal Home Loan Mortgage stock opened at $2.66 on Friday. The company’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $2.83. Federal Home Loan Mortgage has a 12 month low of $0.98 and a 12 month high of $4.04.
Federal Home Loan Mortgage Company Profile
Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.
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