Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage (OTCMKTS:FMCC – Free Report) from an outperform rating to a market perform rating in a research report released on Wednesday morning, MarketBeat reports. Keefe, Bruyette & Woods currently has $4.00 price objective on the stock, up from their previous price objective of $2.50.
Federal Home Loan Mortgage Stock Performance
OTCMKTS FMCC opened at $2.92 on Wednesday. The company has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $1.36. Federal Home Loan Mortgage has a 52 week low of $0.62 and a 52 week high of $3.48.
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. Federal Home Loan Mortgage had a negative return on equity of 33.18% and a net margin of 9.74%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate 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.
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