Fannie Mae (FNMA) – What Are Analysts Thinking About This Stock?

Shares of Fannie Mae (OTCMKTS:FNMA) have received a consensus recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $7.80.

A number of equities research analysts have weighed in on FNMA shares. Keefe, Bruyette & Woods lowered their price objective on Fannie Mae from $6.25 to $3.50 and set an “underperform” rating on the stock in a report on Monday, September 28th. Mizuho set a $5.00 target price on Fannie Mae and gave the stock a “neutral” rating in a research report on Monday, October 12th. B. Riley Financial cut their target price on Fannie Mae from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Finally, Wedbush reissued a “hold” rating and issued a $3.50 price target on shares of Fannie Mae in a report on Thursday, October 22nd.

Fannie Mae Trading Up 1.7%

Shares of Fannie Mae stock opened at $4.29 on Wednesday. Fannie Mae has a 52-week low of $2.96 and a 52-week high of $12.39. The company’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $6.56.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.32 billion. Equities analysts expect that Fannie Mae will post 2.63 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Fannie Mae stock. Hennessy Advisors Inc. acquired a new position in Fannie Mae (OTCMKTS:FNMA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the financial services provider’s stock, valued at approximately $195,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Fannie Mae Company Profile

Fannie Mae, formally known as the Federal National Mortgage Association, is a government-sponsored enterprise that supports the U.S. housing finance system. It operates in the secondary mortgage market, purchasing qualifying residential mortgage loans from approved lenders and helping provide liquidity so those lenders can continue offering mortgage financing to homebuyers and homeowners.

Fannie Mae finances its activities primarily by issuing debt and mortgage-backed securities. It also guarantees certain mortgage-backed securities, helping connect mortgage lenders with institutional investors.