Fannie Mae (OTCMKTS:FNMA) Trading Down 13.9% – Should You Sell?

Fannie Mae (OTCMKTS:FNMA)’s stock price traded down 13.9% on Thursday . The company traded as low as $9.55 and last traded at $9.7950. 9,381,149 shares traded hands during trading, a decline of 7% from the average session volume of 10,045,892 shares. The stock had previously closed at $11.38.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on FNMA shares. Zacks Research lowered shares of Fannie Mae from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. B. Riley upgraded Fannie Mae to a “hold” rating in a report on Wednesday, October 29th. Keefe, Bruyette & Woods upped their target price on Fannie Mae from $4.00 to $10.00 and gave the company an “underperform” rating in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Fannie Mae in a research report on Thursday, September 11th. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.33.

Fannie Mae Trading Down 4.5%

The stock has a 50-day simple moving average of $11.51 and a 200 day simple moving average of $10.47. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 5.44 and a beta of 2.01.

Fannie Mae (OTCMKTS:FNMA) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $7.72 billion. Fannie Mae had a net margin of 7.02% and a negative return on equity of 37.47%.

About Fannie Mae

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.