Fannie Mae (OTCMKTS:FNMA) Receives $12.75 Consensus Price Target from Analysts

Fannie Mae (OTCMKTS:FNMA) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.75.

Several equities analysts recently weighed in on FNMA shares. Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Wedbush downgraded shares of Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Friday, May 1st. Keefe, Bruyette & Woods lowered their price target on shares of Fannie Mae from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Monday, April 20th. BTIG Research assumed coverage on shares of Fannie Mae in a report on Monday, January 26th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Mizuho assumed coverage on shares of Fannie Mae in a report on Monday, May 4th. They issued an “outperform” rating and a $10.00 price target on the stock.

Fannie Mae Price Performance

OTCMKTS FNMA opened at $7.74 on Wednesday. Fannie Mae has a 1 year low of $3.60 and a 1 year high of $15.99. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 774.77 and a beta of 1.66. The company has a fifty day moving average price of $6.88 and a 200-day moving average price of $8.79.

Fannie Mae (OTCMKTS:FNMA) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.25 billion. Fannie Mae had a net margin of 4.53% and a negative return on equity of 65.94%. On average, research analysts anticipate that Fannie Mae will post 2.53 EPS for the current fiscal year.

About Fannie Mae

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.