B.Riley FBR Maintains a Hold Rating on Freddie Mac (FMCC)

By Carrie Williams

B.Riley FBR analyst Randy Binner maintained a Hold rating on Freddie Mac (FMCCResearch Report) on January 17 and set a price target of $2.00. The company’s shares closed last Monday at $3.06.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.4% and a 66.2% success rate. Binner covers the Financial sector, focusing on stocks such as Federal National Mortgage Association, American Equity Investment Life, and Health Insurance Innovations.

Freddie Mac has an analyst consensus of Moderate Buy, with a price target consensus of $3.25.

See today’s analyst top recommended stocks >>

Based on Freddie Mac’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $19.76 billion and net profit of $1.71 billion. In comparison, last year the company earned revenue of $18.66 billion and had a net profit of $1.1 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Federal Home Loan Mortgage Corp. provides liquidity, stability and affordability to the U.S. housing market primarily by purchasing residential mortgages loans originated by lenders and investing in mortgage loans and mortgage-related securities. It operates through the following three segments: Single-family Guarantee, Multifamily and Capital Markets.