Fannie Mae (OTCMKTS:FNMA) Receives $14.30 Consensus Price Target from Analysts

Fannie Mae (OTCMKTS:FNMAGet Free Report) has earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $14.30.

Several research firms have issued reports on FNMA. Zacks Research cut Fannie Mae from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. BTIG Research initiated coverage on Fannie Mae in a report on Monday, January 26th. They issued a “buy” rating and a $20.00 price target for the company. B. Riley Financial restated a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th. Finally, Wedbush initiated coverage on Fannie Mae in a report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price objective on the stock.

View Our Latest Stock Report on FNMA

Fannie Mae News Summary

Here are the key news stories impacting Fannie Mae this week:

Fannie Mae Stock Up 5.4%

Shares of OTCMKTS:FNMA opened at $4.88 on Tuesday. Fannie Mae has a fifty-two week low of $3.60 and a fifty-two week high of $15.99. The firm’s 50-day simple moving average is $7.81 and its 200-day simple moving average is $10.18. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 1.90 and a beta of 1.78.

Fannie Mae (OTCMKTS:FNMAGet Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). The firm had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.33 billion. Fannie Mae had a negative return on equity of 49.21% and a net margin of 2.22%.

Fannie Mae Company Profile

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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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