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

Fannie Mae (OTCMKTS:FNMA) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.30.

FNMA has been the topic of several recent research reports. Zacks Research upgraded Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. BTIG Research assumed coverage on Fannie Mae in a research report on Monday. They set a “buy” rating and a $20.00 target price on the stock. Wedbush assumed coverage on shares of Fannie Mae in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $11.50 price target for the company. Finally, B. Riley upgraded shares of Fannie Mae to a “hold” rating in a report on Wednesday, October 29th.

Fannie Mae Trading Down 1.9%

FNMA stock opened at $8.19 on Monday. The firm has a market cap of $9.48 billion, a PE ratio of 4.54 and a beta of 1.78. The stock has a 50-day moving average price of $10.28 and a 200-day moving average price of $10.76. Fannie Mae has a 1-year low of $4.83 and a 1-year high of $15.99.

Fannie Mae (OTCMKTS:FNMA) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate 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.