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

Federal Home Loan Mortgage (OTCMKTS:FMCC) was downgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research note issued on Monday,Briefing.com Automated Import reports. They presently have a $4.50 price target on the stock, up from their prior price target of $4.00. Keefe, Bruyette & Woods’ price target suggests a potential downside of 13.96% from the stock’s current price.

Federal Home Loan Mortgage Stock Down 7.9 %

Shares of OTCMKTS:FMCC opened at $5.23 on Monday. The business has a 50 day moving average price of $3.65 and a 200 day moving average price of $2.13. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -87.15 and a beta of 2.05. Federal Home Loan Mortgage has a twelve month low of $0.94 and a twelve month high of $7.15.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last released its earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate 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.