Fannie Mae (OTCMKTS:FNMA) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have assigned Fannie Mae a consensus rating of Hold from seven brokerages (1 sell, 3 hold, 2 buy, 1 strong buy), with an average 12‑month price target of $12.75.
• Shares trade around $8.06 (market cap ~$9.33B) with a 52‑week range of $3.60–$15.99 and an elevated P/E of 806.8; Fannie Mae reported Q EPS of $0.63 (in line) and $7.28B in revenue (slightly above estimates) but shows a negative ROE of -65.94%.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.75.

A number of equities research analysts recently commented on the stock. B. Riley Financial reiterated a "neutral" rating on shares of Fannie Mae in a report on Thursday, February 12th. Zacks Research upgraded shares of Fannie Mae from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. BTIG Research assumed coverage on shares of Fannie Mae in a report on Monday, January 26th. They set a "buy" rating and a $20.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on shares of Fannie Mae from $10.00 to $8.50 and set an "underperform" rating for the company in a report on Monday, April 20th. Finally, Mizuho assumed coverage on shares of Fannie Mae in a report on Monday. They set an "outperform" rating and a $10.00 price target for the company.

Fannie Mae Stock Performance

Shares of FNMA opened at $8.06 on Wednesday. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 806.81 and a beta of 1.66. Fannie Mae has a fifty-two week low of $3.60 and a fifty-two week high of $15.99. The firm has a 50 day moving average price of $6.83 and a 200-day moving average price of $8.92.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share for the quarter, hitting analysts' consensus estimates of $0.63. The firm had revenue of $7.28 billion during the quarter, compared to analyst estimates of $7.25 billion. Fannie Mae had a net margin of 4.53% and a negative return on equity of 65.94%. As a group, equities research analysts predict that Fannie Mae will post 2.53 earnings per share 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.

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