Nomura Initiates Coverage on Federal Home Loan Mortgage (OTCMKTS:FMCC)

Nomura began coverage on shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) in a report issued on Tuesday morning, Benzinga reports. The brokerage issued a buy rating and a $4.50 target price on the stock.

Other equities research analysts also recently issued research reports about the company. B. Riley started coverage on Federal Home Loan Mortgage in a research report on Friday, December 6th. They issued a neutral rating and a $2.00 price objective on the stock. Compass Point upgraded Federal Home Loan Mortgage from a neutral rating to a buy rating and set a $7.00 price objective on the stock in a research report on Monday, September 9th. Odeon Capital Group upgraded Federal Home Loan Mortgage to a hold rating in a research report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods upgraded Federal Home Loan Mortgage from an underperform rating to a market perform rating and set a $4.00 price objective on the stock in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $4.38.

Federal Home Loan Mortgage stock opened at $3.16 on Tuesday. Federal Home Loan Mortgage has a one year low of $1.49 and a one year high of $4.04. The business has a fifty day moving average price of $2.88 and a 200-day moving average price of $2.85. The firm has a market capitalization of $2.05 billion, a P/E ratio of 2.82 and a beta of 2.10.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.04) EPS for the quarter. Federal Home Loan Mortgage had a negative return on equity of 7.01% and a net margin of 7.77%. The company had revenue of $3.38 billion during the quarter. On average, research analysts forecast that Federal Home Loan Mortgage will post -0.22 earnings per share for the current year.

About Federal Home Loan Mortgage

Freddie Mac operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.

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