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

Shares of Fannie Mae (OTCMKTS:FNMA) have been assigned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages 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 decreased their price target on shares of Fannie Mae from $10.00 to $8.50 and set an “underperform” rating for the company in a research report on Monday, April 20th. BTIG Research downgraded Fannie Mae from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 16th. Wedbush lowered Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 target price for the company. in a research note on Friday, May 1st. Zacks Research raised Fannie Mae from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Mizuho assumed coverage on Fannie Mae in a report on Monday, May 4th. They issued an “outperform” rating and a $10.00 price target for the company.

Fannie Mae Stock Performance

FNMA opened at $6.21 on Monday. Fannie Mae has a 1 year low of $3.60 and a 1 year high of $15.99. The company’s 50 day simple moving average is $6.56 and its 200 day simple moving average is $7.31. The stock has a market capitalization of $7.19 billion, a PE ratio of 621.62 and a beta of 1.62.

Fannie Mae (OTCMKTS:FNMA) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $7.25 billion. As a group, sell-side analysts expect that Fannie Mae will post 2.57 earnings per share 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.