Fannie Mae (OTCMKTS:FNMA) Reaches New 52-Week Low – Time to Sell?

Fannie Mae (OTCMKTS:FNMA) reached a new 52-week low during trading on Wednesday . The stock traded as low as $4.74 and last traded at $4.7940, with a volume of 2516491 shares traded. The stock had previously closed at $5.34.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FNMA shares. Wedbush initiated coverage on Fannie Mae in a research note on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price objective for the company. Zacks Research cut shares of Fannie Mae from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. BTIG Research started coverage on shares of Fannie Mae in a research report on Monday, January 26th. They issued a “buy” rating and a $20.00 price target for the company. Finally, B. Riley Financial reissued a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fannie Mae presently has a consensus rating of “Hold” and a consensus price target of $14.30.

Fannie Mae Price Performance

The firm has a 50-day moving average of $8.05 and a 200-day moving average of $10.25. The stock has a market cap of $5.64 billion, a PE ratio of 2.38 and a beta of 1.78.

Fannie Mae (OTCMKTS:FNMA) last issued its earnings results on Wednesday, February 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). Fannie Mae had a net margin of 2.22% and a negative return on equity of 49.21%. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.33 billion.

About Fannie Mae

The Federal National Mortgage Association, commonly known as Fannie Mae (OTCMKTS:FNMA), is a government-sponsored enterprise established by Congress in 1938 as part of the New Deal to support the U.S. housing market. Headquartered in Washington, DC, Fannie Mae’s mission is to promote liquidity, stability and affordability in the mortgage market. The company operates by purchasing residential mortgage loans from financial institutions, pooling them into mortgage-backed securities (MBS), and providing guarantees to investors against borrower default.

In its core business, Fannie Mae works with mortgage lenders across the United States—including banks, credit unions and mortgage finance companies—to ensure a steady flow of capital for homebuyers and homeowners seeking refinancing.