Fannie Mae (OTCMKTS:FNMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Fannie Mae (OTCMKTS:FNMA) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.75.

FNMA has been the subject of several recent analyst reports. Zacks Research upgraded Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods dropped their price target on Fannie Mae from $10.00 to $8.50 and set an “underperform” rating for the company in a research note on Monday, April 20th. Mizuho initiated coverage on Fannie Mae in a research note on Monday, May 4th. They issued an “outperform” rating and a $10.00 price target for the company. Wedbush downgraded Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price target for the company. in a research note on Friday, May 1st. Finally, B. Riley Financial restated a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th.

Fannie Mae Trading Up 6.3%

Fannie Mae stock opened at $6.75 on Friday. The firm has a 50 day moving average of $7.32 and a 200 day moving average of $8.38. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 675.68 and a beta of 1.57. Fannie Mae has a 12-month low of $3.60 and a 12-month high of $15.99.

Fannie Mae (OTCMKTS:FNMA) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.25 billion. Fannie Mae had a net margin of 4.53% and a negative return on equity of 65.94%. On average, analysts predict that Fannie Mae will post 2.57 EPS 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.