Fannie Mae (OTCMKTS:FNMA) Stock Has Consensus Price Target of $9.70 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Fannie Mae, with four holds, one sell, and one strong buy among six covering brokerages. The average 12-month price target is $9.70.
• Recent analyst sentiment has weakened: B. Riley, Keefe, Bruyette & Woods, and BTIG Research lowered their ratings or price targets, while current targets range from $3.50 to $8.00.
• Fannie Mae reported quarterly EPS of $0.68 and revenue of $7.57 billion, exceeding analyst estimates, but the stock opened at $4.37—below its average price target and its 50- and 200-day moving averages.

Shares of Fannie Mae (OTCMKTS:FNMA - Get Free Report) have been given an average recommendation of "Hold" by the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.70.

A number of brokerages recently issued reports on FNMA. B. Riley Financial dropped their price target on shares of Fannie Mae from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, July 30th. Wedbush reaffirmed a "neutral" rating and issued a $8.00 target price on shares of Fannie Mae in a report on Thursday, July 30th. BTIG Research downgraded shares of Fannie Mae from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fannie Mae from $6.25 to $3.50 and set an "underperform" rating on the stock in a report on Monday, September 28th.

Fannie Mae Stock Up 1.2%

FNMA stock opened at $4.37 on Friday. Fannie Mae has a twelve month low of $3.60 and a twelve month high of $12.98. The firm has a market cap of $5.06 billion, a PE ratio of 109.28 and a beta of 1.68. The business has a 50 day moving average of $5.67 and a 200 day moving average of $6.40.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.32 billion. On average, research analysts expect that Fannie Mae will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Fannie Mae

A hedge fund recently bought a new stake in Fannie Mae stock. Ratan Capital Management LP bought a new position in Fannie Mae (OTCMKTS:FNMA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 79,000 shares of the financial services provider's stock, valued at approximately $514,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Fannie Mae Company Profile

Fannie Mae, formally known as the Federal National Mortgage Association, is a government-sponsored enterprise that supports the U.S. housing finance system. It operates in the secondary mortgage market, purchasing eligible residential mortgage loans from approved lenders and providing liquidity that helps banks and other mortgage originators continue making loans to homebuyers and homeowners.

Fannie Mae primarily supports single-family and multifamily housing. It finances and securitizes qualifying mortgage loans into mortgage-backed securities and generally guarantees the timely payment of principal and interest to investors in those securities.

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