Fannie Mae (OTCMKTS:FNMA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fannie Mae (OTCMKTS:FNMA) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.25.

A number of research analysts have issued reports on the company. Wedbush reissued a “neutral” rating and issued a $8.00 target price on shares of Fannie Mae in a research note on Thursday, July 30th. B. Riley Financial dropped their price target on Fannie Mae from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Finally, BTIG Research cut Fannie Mae from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th.

Fannie Mae Stock Performance

Shares of OTCMKTS FNMA opened at $5.98 on Tuesday. Fannie Mae has a 1 year low of $3.60 and a 1 year high of $15.99. The firm’s 50-day moving average is $6.10 and its 200-day moving average is $6.65. The firm has a market capitalization of $6.93 billion, a PE ratio of 149.54 and a beta of 1.70.

Fannie Mae (OTCMKTS:FNMA) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Fannie Mae had a negative return on equity of 76.66% and a net margin of 4.59%.The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $7.32 billion. As a group, equities research analysts anticipate that Fannie Mae will post 2.65 earnings per share for the current fiscal year.

Institutional Trading of Fannie Mae

An institutional investor recently bought a new position in Fannie Mae stock. Hennessy Advisors Inc. purchased a new stake in Fannie Mae (OTCMKTS:FNMA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the financial services provider’s stock, valued at approximately $195,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

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.