Fannie Mae (OTCMKTS:FNMA) Shares Down 13.9% – Time to Sell?

Fannie Mae (OTCMKTS:FNMA) shares were down 13.9% during mid-day trading on Thursday . The stock traded as low as $9.55 and last traded at $9.7950. Approximately 9,381,149 shares were traded during trading, a decline of 7% from the average daily volume of 10,045,892 shares. The stock had previously closed at $11.38.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Zacks Research cut Fannie Mae from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. B. Riley upgraded shares of Fannie Mae to a “hold” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fannie Mae in a research report on Thursday, September 11th. They set a “buy” rating and a $20.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their target price on shares of Fannie Mae from $4.00 to $10.00 and gave the company an “underperform” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $13.33.

Fannie Mae Price Performance

The company has a 50-day moving average of $11.73 and a 200 day moving average of $10.48. The company has a market cap of $11.15 billion, a PE ratio of 4.69 and a beta of 2.01.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The company had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.72 billion. Fannie Mae had a net margin of 7.02% and a negative return on equity of 37.47%.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.