Brokerages Set Fannie Mae (OTCMKTS:FNMA) Price Target at $14.30

Fannie Mae (OTCMKTS:FNMA) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $14.30.

FNMA has been the topic of a number of recent research reports. BTIG Research started coverage on Fannie Mae in a research report on Monday, January 26th. They issued a “buy” rating and a $20.00 target price on the stock. B. Riley Financial reiterated a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th. Zacks Research downgraded Fannie Mae from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Finally, Wedbush began coverage on shares of Fannie Mae in a report on Tuesday, November 25th. They set an “outperform” rating and a $11.50 target price on the stock.

Fannie Mae Price Performance

FNMA stock opened at $8.10 on Friday. The stock has a market capitalization of $9.38 billion, a P/E ratio of 3.32 and a beta of 1.74. Fannie Mae has a fifty-two week low of $4.83 and a fifty-two week high of $15.99. The business has a 50-day moving average of $9.47 and a 200-day moving average of $10.76.

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

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.