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

Fannie Mae (OTCMKTS:FNMA) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities 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 assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.75.

Several brokerages have recently commented on FNMA. Wedbush downgraded Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Friday, May 1st. Mizuho began coverage on Fannie Mae in a research note on Monday, May 4th. They issued an “outperform” rating and a $10.00 price objective for the company. Zacks Research raised Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods lowered their price objective 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. Finally, B. Riley Financial reissued a “neutral” rating on shares of Fannie Mae in a research note on Thursday, February 12th.

Fannie Mae Stock Down 2.1%

Shares of Fannie Mae stock opened at $7.08 on Friday. The company has a market cap of $8.20 billion, a PE ratio of 708.71 and a beta of 1.66. Fannie Mae has a 52 week low of $3.60 and a 52 week high of $15.99. The business has a 50 day moving average price of $7.19 and a 200-day moving average price of $8.47.

Fannie Mae (OTCMKTS:FNMA) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $7.25 billion. Fannie Mae had a negative return on equity of 65.94% and a net margin of 4.53%. As a group, research analysts anticipate that Fannie Mae will post 2.53 EPS for the current year.

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.