Fannie Mae (OTCMKTS:FNMA) Rating Increased to Strong-Buy at Mizuho

Mizuho upgraded shares of Fannie Mae (OTCMKTS:FNMA) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on FNMA. Wedbush lowered Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price objective on the stock. in a research note on Friday, May 1st. Keefe, Bruyette & Woods cut their price target on Fannie Mae from $10.00 to $8.50 and set an “underperform” rating for the company in a report on Monday, April 20th. Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. B. Riley Financial reissued a “neutral” rating on shares of Fannie Mae in a report on Thursday, February 12th. Finally, BTIG Research initiated coverage on shares of Fannie Mae in a research report on Monday, January 26th. They issued a “buy” rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Fannie Mae Trading Down 7.1%

OTCMKTS:FNMA opened at $8.06 on Monday. The stock has a market capitalization of $9.33 billion, a P/E ratio of 806.81 and a beta of 1.66. Fannie Mae has a 1 year low of $3.60 and a 1 year high of $15.99. The firm has a 50 day moving average of $6.83 and a 200-day moving average of $8.92.

Fannie Mae (OTCMKTS:FNMA) last released 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 negative return on equity of 65.94% and a net margin of 4.53%.The business had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.25 billion. As a group, analysts forecast that Fannie Mae will post 2.53 EPS for the current fiscal year.

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.