Analysts Set Fannie Mae (OTCMKTS:FNMA) Target Price at $12.75

Fannie Mae (OTCMKTS:FNMA) has received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.75.

Several analysts recently weighed in on FNMA shares. Zacks Research upgraded Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Wedbush cut Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Friday, May 1st. Keefe, Bruyette & Woods dropped their target price on Fannie Mae from $10.00 to $8.50 and set an “underperform” rating on the stock in a report on Monday, April 20th. Mizuho started coverage on Fannie Mae in a research note on Monday, May 4th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, BTIG Research downgraded Fannie Mae from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th.

Fannie Mae Trading Up 3.2%

Shares of Fannie Mae stock opened at $6.43 on Monday. 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 $7.45 billion, a P/E ratio of 643.64 and a beta of 1.62. The business has a fifty day simple moving average of $6.62 and a two-hundred day simple moving average of $7.35.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly earnings data 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 business had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.25 billion. Analysts predict that Fannie Mae will post 2.57 earnings per share for the current year.

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.