Federal Home Loan Mortgage (OTCMKTS:FMCC) Cut to “Market Perform” at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods cut shares of Federal Home Loan Mortgage (OTCMKTS:FMCC) from an outperform rating to a market perform rating in a report issued on Wednesday morning, Marketbeat.com reports. They currently have $4.00 price objective on the stock, up from their prior price objective of $2.50.

Federal Home Loan Mortgage Stock Performance

Shares of FMCC stock opened at $3.10 on Wednesday. Federal Home Loan Mortgage has a 12 month low of $0.62 and a 12 month high of $3.48. The stock has a market cap of $2.02 billion, a P/E ratio of -51.67 and a beta of 1.69. The company has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $1.38.

Federal Home Loan Mortgage (OTCMKTS:FMCC) last issued its quarterly earnings results 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 company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.40 billion.

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.