Deutsche Bank Aktiengesellschaft Begins Coverage on Fannie Mae (OTCMKTS:FNMA)

Key Points

• Deutsche Bank Aktiengesellschaft has initiated coverage on Fannie Mae, assigning it a "buy" rating with a $20.00 price target, indicating a potential upside of 43.58% from its previous close.
• Fannie Mae has a current average rating of "Hold" among analysts, with varying ratings from four analysts: one "Buy," two "Hold," and one "Sell."
• As of Thursday, Fannie Mae's stock opened at $13.93, with a 52-week range between $1.09 and $15.00.

Deutsche Bank Aktiengesellschaft began coverage on shares of Fannie Mae (OTCMKTS:FNMA - Free Report) in a research note issued to investors on Thursday, MarketBeat reports. The brokerage issued a buy rating and a $20.00 price objective on the financial services provider's stock.

Other analysts have also issued reports about the company. Zacks Research raised Fannie Mae to a "hold" rating in a report on Monday, September 8th. B. Riley initiated coverage on Fannie Mae in a report on Friday, September 5th. They set a "neutral" rating and a $10.00 price objective for the company. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Fannie Mae has an average rating of "Hold" and an average target price of $11.33.

Fannie Mae Stock Performance

Fannie Mae stock traded down $0.21 during midday trading on Thursday, reaching $14.01. The stock had a trading volume of 4,111,971 shares, compared to its average volume of 10,869,823. Fannie Mae has a 12 month low of $1.09 and a 12 month high of $15.99. The company has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $9.57.

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.