Deutsche Bank Aktiengesellschaft Initiates 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 started coverage on shares of Fannie Mae (OTCMKTS:FNMA - Get Free Report) in a research report issued on Thursday,Benzinga reports. The firm set a "buy" rating and a $20.00 price target on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 43.58% from the company's previous close.

FNMA has been the topic of several other research reports. Zacks Research upgraded shares of Fannie Mae to a "hold" rating in a research report on Monday. B. Riley initiated coverage on shares of Fannie Mae in a research report on Friday, September 5th. They set a "neutral" rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $11.33.

Fannie Mae Stock Performance

Shares of OTCMKTS:FNMA opened at $13.93 on Thursday. Fannie Mae has a 52 week low of $1.09 and a 52 week high of $15.00. The company's fifty day moving average is $10.05 and its 200-day moving average is $9.44.

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.

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