Fannie Mae (OTCMKTS:FNMA) Upgraded at BTIG Research

Fannie Mae (OTCMKTS:FNMA) was upgraded by equities research analysts at BTIG Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on FNMA. Zacks Research raised Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. B. Riley raised Fannie Mae to a “hold” rating in a research note on Wednesday, October 29th. Finally, Wedbush began coverage on shares of Fannie Mae in a research report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.30.

Fannie Mae Stock Performance

Shares of FNMA stock opened at $8.49 on Monday. Fannie Mae has a fifty-two week low of $4.83 and a fifty-two week high of $15.99. The firm has a market capitalization of $9.83 billion, a P/E ratio of 4.78 and a beta of 1.78. The stock’s fifty day moving average is $10.39 and its two-hundred day moving average is $10.80.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly 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 during the quarter, compared to analysts’ expectations 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.