Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC – Free Report) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday, Marketbeat.com reports. The firm currently has $4.00 price target on the stock, up from their previous price target of $2.50.
Federal Home Loan Mortgage Price Performance
Shares of OTCMKTS FMCC opened at $3.10 on Wednesday. The business has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.38. Federal Home Loan Mortgage has a 1-year low of $0.62 and a 1-year high of $3.48. The stock has a market capitalization of $2.02 billion, a P/E ratio of -51.67 and a beta of 1.69.
Federal Home Loan Mortgage (OTCMKTS:FMCC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%.
About Federal Home Loan Mortgage
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.
Featured Articles
- Five stocks we like better than Federal Home Loan Mortgage
- CD Calculator: Certificate of Deposit Calculator
- Tesla Investors Continue to Profit From the Trump Trade
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally
- Conference Calls and Individual Investors
- Netflix Ventures Into Live Sports, Driving Stock Momentum
Receive News & Ratings for Federal Home Loan Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Home Loan Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.