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

Federal Home Loan Mortgage (OTCMKTS:FMCC) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $4.50 price target on the stock, up from their prior price target of $4.00. Keefe, Bruyette & Woods’ target price indicates a potential downside of 17.28% from the stock’s current price.

Federal Home Loan Mortgage Trading Up 7.5 %

Shares of FMCC opened at $5.44 on Monday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -90.65 and a beta of 2.05. Federal Home Loan Mortgage has a 12 month low of $0.94 and a 12 month high of $7.15. The firm has a fifty day simple moving average of $3.73 and a 200 day simple moving average of $2.19.

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

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.