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

Shares of Fannie Mae (OTCMKTS:FNMA) have received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.75.

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

Fannie Mae Stock Performance

Shares of OTCMKTS:FNMA opened at $6.21 on Monday. The company’s 50-day moving average is $6.56 and its 200 day moving average is $7.28. The company has a market capitalization of $7.19 billion, a P/E ratio of 621.62 and a beta of 1.62. Fannie Mae has a fifty-two week low of $3.60 and a fifty-two week high of $15.99.

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