Fannie Mae (OTCMKTS:FNMA) Given Average Recommendation of “Hold” by Analysts

Shares of Fannie Mae (OTCMKTS:FNMA) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.30.

FNMA has been the subject of a number of recent research reports. Wedbush initiated coverage on Fannie Mae in a research report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price objective for the company. B. Riley upgraded Fannie Mae to a “hold” rating in a research note on Wednesday, October 29th. BTIG Research initiated coverage on Fannie Mae in a report on Monday. They set a “buy” rating and a $20.00 price target for the company. Finally, Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th.

Fannie Mae Stock Performance

OTCMKTS FNMA opened at $8.87 on Monday. The firm’s fifty day moving average is $10.43 and its two-hundred day moving average is $10.80. Fannie Mae has a one year low of $4.83 and a one year high of $15.99. The firm has a market cap of $10.27 billion, a PE ratio of 4.82 and a beta of 1.78.

Fannie Mae (OTCMKTS:FNMA) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.07). Fannie Mae had a negative return on equity of 37.47% and a net margin of 2.61%.The business had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.72 billion.

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.