Federal Home Loan Mortgage (OTCMKTS:FMCC) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

Federal Home Loan Mortgage (OTCMKTS:FMCC) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, Marketbeat.com reports. They currently have a $4.00 price target on the stock, up from their prior price target of $2.50. Keefe, Bruyette & Woods’ price target points to a potential upside of 29.03% from the company’s previous close.

Federal Home Loan Mortgage Stock Performance

Federal Home Loan Mortgage stock opened at $3.10 on Wednesday. Federal Home Loan Mortgage has a 1 year low of $0.62 and a 1 year high of $3.48. The firm has a 50 day moving average price of $1.53 and a 200 day moving average price of $1.37. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -51.67 and a beta of 1.69.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $5.84 billion for 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%.

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.