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

Fannie Mae (OTCMKTS:FNMA) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.30.

FNMA has been the subject of several recent research reports. BTIG Research assumed coverage on shares of Fannie Mae in a research note on Monday. They set a “buy” rating and a $20.00 target price for the company. B. Riley raised Fannie Mae to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Wedbush started coverage on Fannie Mae in a research note on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price target for the company.

Fannie Mae Trading Down 4.1%

Shares of FNMA opened at $8.13 on Monday. The company’s 50 day simple moving average is $10.33 and its 200-day simple moving average is $10.78. The firm has a market cap of $9.42 billion, a PE ratio of 4.61 and a beta of 1.78. Fannie Mae has a 12-month low of $4.83 and a 12-month high of $15.99.

Fannie Mae (OTCMKTS:FNMA) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.07). The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.72 billion. Fannie Mae had a negative return on equity of 37.47% and a net margin of 2.61%.

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.