Fannie Mae (OTCMKTS:FNMA) Given Consensus Rating of “Hold” by Analysts

Fannie Mae (OTCMKTS:FNMA) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $14.30.

FNMA has been the subject of several research analyst reports. Zacks Research downgraded Fannie Mae from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. BTIG Research initiated coverage on shares of Fannie Mae in a research note on Monday, January 26th. They issued a “buy” rating and a $20.00 price target on the stock. Wedbush started coverage on shares of Fannie Mae in a report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price objective for the company. Finally, B. Riley Financial restated a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th.

Fannie Mae Stock Performance

FNMA opened at $7.97 on Friday. The stock’s 50 day moving average price is $9.52 and its 200-day moving average price is $10.73. Fannie Mae has a one year low of $4.83 and a one year high of $15.99. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 3.30 and a beta of 1.73.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The business had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.33 billion. Fannie Mae had a net margin of 2.22% and a negative return on equity of 49.21%.

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.