Fannie Mae (OTCMKTS:FNMA) Receives Average Rating of “Hold” from Analysts

Fannie Mae (OTCMKTS:FNMA) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.75.

FNMA has been the subject of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Fannie Mae from $10.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th. Wedbush lowered shares of Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Friday, May 1st. Zacks Research raised shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. BTIG Research downgraded shares of Fannie Mae from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Finally, Mizuho started coverage on Fannie Mae in a report on Monday, May 4th. They set an “outperform” rating and a $10.00 price objective for the company.

Fannie Mae Stock Performance

FNMA stock opened at $6.02 on Monday. Fannie Mae has a 1-year low of $3.60 and a 1-year high of $15.99. The business’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $7.44. The firm has a market capitalization of $6.97 billion, a PE ratio of 602.60 and a beta of 1.62.

Fannie Mae (OTCMKTS:FNMA) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate 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, sell-side analysts predict that Fannie Mae will post 2.57 EPS for the current fiscal year.

Fannie Mae Company Profile

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.