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

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

Federal Home Loan Mortgage Trading Down 7.9 %

FMCC stock opened at $5.23 on Monday. The firm’s 50-day moving average is $3.65 and its two-hundred day moving average is $2.13. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of -87.15 and a beta of 2.05. Federal Home Loan Mortgage has a 52 week low of $0.94 and a 52 week high of $7.15.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.02) 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 firm 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.