Fannie Mae (OTCMKTS:FNMA) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

Several research analysts have issued reports on FNMA shares. B. Riley Financial reiterated a “neutral” rating on shares of Fannie Mae in a report on Thursday, February 12th. Wedbush lowered 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. Mizuho started coverage on Fannie Mae in a report on Monday, May 4th. They issued an “outperform” rating and a $10.00 price target on the stock. Keefe, Bruyette & Woods cut their price target on Fannie Mae from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Monday, April 20th. Finally, Zacks Research upgraded Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st.

Fannie Mae Price Performance

Shares of Fannie Mae stock opened at $7.08 on Friday. Fannie Mae has a one year low of $3.60 and a one year high of $15.99. The stock’s 50-day moving average is $7.19 and its 200 day moving average is $8.47. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 708.71 and a beta of 1.66.

Fannie Mae (OTCMKTS:FNMA) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Fannie Mae had a negative return on equity of 65.94% and a net margin of 4.53%.The company had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, sell-side analysts expect 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.