Keefe, Bruyette & Woods Downgrades Federal Home Loan Mortgage (OTCMKTS:FMCC) to Underperform

Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from a market perform rating to an underperform rating in a report published on Monday, Marketbeat reports. They currently have $4.50 price target on the stock, up from their prior price target of $4.00.

Federal Home Loan Mortgage Stock Down 2.2 %

Shares of Federal Home Loan Mortgage stock opened at $5.32 on Monday. Federal Home Loan Mortgage has a twelve month low of $0.94 and a twelve month high of $7.15. The business has a 50-day moving average price of $3.77 and a 200-day moving average price of $2.21. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -88.65 and a beta of 2.05.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.02) earnings per share for the quarter. The firm 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%.

Federal Home Loan Mortgage Company Profile

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.