Fannie Mae (OTCMKTS:FNMA) Receives Average Recommendation of “Hold” from Analysts

Shares of Fannie Mae (OTCMKTS:FNMA) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.25.

Several equities research analysts have recently commented on FNMA shares. B. Riley Financial reduced their target price on Fannie Mae from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. BTIG Research downgraded Fannie Mae from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. Zacks Research raised shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Wedbush reiterated a “neutral” rating and issued a $8.00 target price on shares of Fannie Mae in a report on Thursday, July 30th. Finally, Mizuho began coverage on shares of Fannie Mae in a report on Monday, May 4th. They issued an “outperform” rating and a $10.00 target price for the company.

Fannie Mae Stock Performance

Shares of OTCMKTS:FNMA opened at $6.21 on Friday. The company has a market capitalization of $7.19 billion, a PE ratio of 155.29 and a beta of 1.66. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $6.90. Fannie Mae has a one year low of $3.60 and a one year high of $15.99.

Fannie Mae (OTCMKTS:FNMA) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.32 billion. Fannie Mae had a negative return on equity of 76.66% and a net margin of 4.59%. As a group, research analysts forecast that Fannie Mae will post 2.59 EPS for the current fiscal 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.