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

Fannie Mae (OTCMKTS:FNMAGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.75.

Several equities research analysts recently commented on FNMA shares. Mizuho initiated coverage on shares of Fannie Mae in a research note on Monday, May 4th. They set an “outperform” rating and a $10.00 price target on the stock. Wedbush lowered shares of 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 dropped their price objective on shares of Fannie Mae from $10.00 to $8.50 and set an “underperform” rating on the stock in a research note on Monday, April 20th. B. Riley Financial restated a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th. Finally, Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st.

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Key Fannie Mae News

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Fannie Mae Price Performance

Shares of OTCMKTS:FNMA opened at $6.70 on Friday. The company’s fifty day moving average price is $7.35 and its 200 day moving average price is $8.37. Fannie Mae has a 12 month low of $3.60 and a 12 month high of $15.99. The firm has a market capitalization of $7.76 billion, a P/E ratio of 670.67 and a beta of 1.57.

Fannie Mae (OTCMKTS:FNMAGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.63 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $7.25 billion. On average, sell-side analysts anticipate that Fannie Mae will post 2.57 EPS for the current year.

About Fannie Mae

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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.

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Analyst Recommendations for Fannie Mae (OTCMKTS:FNMA)

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