Keefe, Bruyette & Woods Raises Fannie Mae (OTCMKTS:FNMA) Price Target to $10.00

Key Points

• Fannie Mae's target price has been raised from $4.00 to $10.00 by analysts at Keefe, Bruyette & Woods, despite maintaining an "underperform" rating.
• The stock has a current trading price of $13.99 with a one-year range between $1.09 and $15.99.
• The consensus rating for Fannie Mae is "Hold," with an average price target of $13.33, indicating mixed opinions from analysts.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) had its target price raised by Keefe, Bruyette & Woods from $4.00 to $10.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an "underperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential downside of 19.42% from the stock's current price.

Several other research analysts have also weighed in on the stock. B. Riley began coverage on shares of Fannie Mae in a research note on Friday, September 5th. They set a "neutral" rating and a $10.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Fannie Mae in a research note on Thursday, September 11th. They set a "buy" rating and a $20.00 target price for the company. Finally, Zacks Research raised shares of Fannie Mae to a "hold" rating in a research note on Monday, September 8th. 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $13.33.

Fannie Mae Price Performance

Shares of Fannie Mae stock traded down $0.59 during trading hours on Thursday, reaching $12.41. 6,354,636 shares of the company's stock were exchanged, compared to its average volume of 10,808,576. Fannie Mae has a 1 year low of $1.09 and a 1 year high of $15.99. The business has a fifty day moving average of $10.74 and a two-hundred day moving average of $9.81.

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.