Fannie Mae (OTCMKTS:FNMA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Fannie Mae (OTCMKTS:FNMA) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $14.30.

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

Fannie Mae Stock Down 1.0%

Shares of OTCMKTS:FNMA opened at $7.97 on Friday. The firm has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $10.73. Fannie Mae has a 52 week low of $4.83 and a 52 week high of $15.99. The stock has a market capitalization of $9.23 billion, a P/E ratio of 3.30 and a beta of 1.73.

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

Fannie Mae Company Profile

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.