Nomura Reaffirms Buy Rating for Federal National Mortgage Association (OTCMKTS:FNMA)

Nomura reaffirmed their buy rating on shares of Federal National Mortgage Association (OTCMKTS:FNMA) in a research note issued to investors on Monday, TipRanks reports.

A number of other research firms have also weighed in on FNMA. Odeon Capital Group upgraded shares of Federal National Mortgage Association to a hold rating in a report on Wednesday, November 20th. Zacks Investment Research upgraded shares of Federal National Mortgage Association from a hold rating to a buy rating and set a $3.75 target price on the stock in a report on Thursday, February 20th. Finally, B. Riley lowered their target price on shares of Federal National Mortgage Association from $3.00 to $2.00 and set a neutral rating on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $4.56.

FNMA opened at $2.80 on Monday. Federal National Mortgage Association has a fifty-two week low of $2.02 and a fifty-two week high of $4.23. The firm has a market capitalization of $3.50 billion, a PE ratio of 70.02 and a beta of 2.20. The company’s 50-day moving average is $3.32 and its 200 day moving average is $3.19.

Federal National Mortgage Association (OTCMKTS:FNMA) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.02 earnings per share for the quarter. Federal National Mortgage Association had a net margin of 11.77% and a negative return on equity of 10.83%. The company had revenue of $7.16 billion for the quarter.

About Federal National Mortgage Association

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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Analyst Recommendations for Federal National Mortgage Association (OTCMKTS:FNMA)

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