Federal National Mortgage Association (OTCMKTS:FNMA) Stock Rating Lowered by Keefe, Bruyette & Woods

Federal National Mortgage Association (OTCMKTS:FNMA) was downgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a report released on Monday,Briefing.com Automated Import reports. They presently have a $4.00 price target on the financial services provider’s stock, up from their prior price target of $3.00. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 30.31% from the company’s previous close.

Federal National Mortgage Association Stock Performance

Shares of Federal National Mortgage Association stock opened at $5.74 on Monday. Federal National Mortgage Association has a twelve month low of $1.02 and a twelve month high of $7.80. The company’s 50 day moving average is $3.83 and its 200 day moving average is $2.25.

Federal National Mortgage Association (OTCMKTS:FNMA) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%. The business had revenue of $38.14 billion for the quarter, compared to the consensus estimate of $7.17 billion.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.