Keefe, Bruyette & Woods upgraded shares of Federal Home Loan Mortgage (OTCMKTS:FMCC – Free Report) from a market perform rating to an outperform rating in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has $2.50 price objective on the stock, up from their previous price objective of $1.25.
Federal Home Loan Mortgage Price Performance
Federal Home Loan Mortgage stock opened at $1.07 on Monday. The firm has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $0.74. Federal Home Loan Mortgage has a 1-year low of $0.37 and a 1-year high of $1.24. The stock has a market cap of $695.56 million, a price-to-earnings ratio of -17.83 and a beta of 1.44.
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.
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