Fannie Mae (OTCMKTS:FNMA) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Fannie Mae (OTCMKTS:FNMA) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.24 and traded as low as $6.31. Fannie Mae shares last traded at $6.49, with a volume of 5,015,108 shares changing hands.

Analysts Set New Price Targets

FNMA has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Fannie Mae from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Monday, April 20th. Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Wedbush downgraded Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 target price for the company. in a research report on Friday, May 1st. Finally, Mizuho assumed coverage on Fannie Mae in a research report on Monday, May 4th. They issued an “outperform” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.75.

Fannie Mae Stock Performance

The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 649.65 and a beta of 1.57. The firm has a 50-day simple moving average of $7.35 and a two-hundred day simple moving average of $8.24.

Fannie Mae (OTCMKTS:FNMA) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Fannie Mae had a negative return on equity of 65.94% and a net margin of 4.53%.The business had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $7.25 billion. As a group, equities analysts forecast that Fannie Mae will post 2.57 EPS for the current fiscal year.

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.