Compass Point upgraded shares of Federal National Mortgage Association (OTCMKTS:FNMA) from a neutral rating to a buy rating in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage currently has $7.75 price objective on the financial services provider’s stock.

Several other equities analysts also recently weighed in on FNMA. B. Riley set a $2.00 target price on Federal National Mortgage Association and gave the company a hold rating in a research report on Friday, September 6th. Zacks Investment Research raised Federal National Mortgage Association from a hold rating to a buy rating and set a $2.50 target price on the stock in a research report on Friday, August 2nd.

OTCMKTS FNMA opened at $3.57 on Monday. The company has a market cap of $4.11 billion, a P/E ratio of 6.26 and a beta of 2.26. The business’s 50 day moving average price is $2.55 and its 200-day moving average price is $2.70. Federal National Mortgage Association has a fifty-two week low of $0.98 and a fifty-two week high of $4.02.

Federal National Mortgage Association (OTCMKTS:FNMA) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.01 earnings per share for the quarter. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $6.08 billion. Federal National Mortgage Association had a negative return on equity of 9.78% and a net margin of 10.85%. On average, research analysts expect that Federal National Mortgage Association will post 0.02 EPS for the current fiscal year.

Federal National Mortgage Association Company Profile

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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