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

Fannie Mae (OTCMKTS:FNMA) has received a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.75.

Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods lowered 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. Mizuho initiated coverage on Fannie Mae in a research note on Monday, May 4th. They issued an “outperform” rating and a $10.00 price target on the stock. Wedbush downgraded Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Friday, May 1st. Finally, BTIG Research lowered Fannie Mae from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th.

Fannie Mae Stock Performance

FNMA opened at $6.99 on Thursday. The stock has a market capitalization of $8.09 billion, a P/E ratio of 699.20 and a beta of 1.57. The company’s 50-day simple moving average is $7.24 and its two-hundred day simple moving average is $8.01. Fannie Mae has a 52-week low of $3.60 and a 52-week high of $15.99.

Fannie Mae (OTCMKTS:FNMA) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Fannie Mae had a net margin of 4.53% and a negative return on equity of 65.94%. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.25 billion. Research analysts forecast that Fannie Mae will post 2.57 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.