Fannie Mae (OTCMKTS:FNMA) Given New $10.00 Price Target at Keefe, Bruyette & Woods

Fannie Mae (OTCMKTS:FNMA) had its price target boosted by Keefe, Bruyette & Woods from $4.00 to $10.00 in a research report released on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Fannie Mae in a research report on Thursday, September 11th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised Fannie Mae to a “hold” rating in a report on Monday, September 8th. Finally, B. Riley began coverage on shares of Fannie Mae in a research report on Friday, September 5th. They issued a “neutral” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fannie Mae presently has a consensus rating of “Hold” and a consensus target price of $13.33.

Fannie Mae Stock Down 3.3%

Fannie Mae stock opened at $13.60 on Thursday. The firm’s 50 day simple moving average is $10.66 and its 200 day simple moving average is $9.72. Fannie Mae has a 1-year low of $1.09 and a 1-year high of $15.99.

Fannie Mae Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.