Zacks Investment Research upgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Zacks.com reports. Zacks Investment Research currently has $1.00 price target on the stock.
According to Zacks, “Freddie Mac is a stockholder-owned corporation that supports homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. (Company Press Release) “
Separately, Odeon Capital Group upgraded shares of Federal Home Loan Mortgage from a hold rating to a buy rating and set a $1.27 price objective for the company in a research note on Monday, July 19th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $1.09.
Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its earnings results on Thursday, July 29th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Federal Home Loan Mortgage had a net margin of 18.51% and a negative return on equity of 17.16%. On average, equities analysts anticipate that Federal Home Loan Mortgage will post 0.12 EPS for the current fiscal year.
About Federal Home Loan Mortgage
Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market by purchasing residential mortgages loans originated by lenders and investing in mortgage loans and mortgage-related securities. It operates through the following segments: Single-family Guarantee, Multifamily, Capital Markets and All Other.
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