Fannie Mae (OTCMKTS:FNMA) Given New $10.00 Price Target at Keefe, Bruyette & Woods

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 price objective increased by analysts at Keefe, Bruyette & Woods from $4.00 to $10.00 in a research 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 objective would indicate a potential downside of 23.08% from the stock's previous close.

FNMA has been the subject of a number of other research reports. Zacks Research upgraded Fannie Mae to a "hold" rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft began coverage on Fannie Mae in a research note on Thursday, September 11th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, B. Riley began coverage on Fannie Mae in a report on Friday, September 5th. They issued a "neutral" rating and a $10.00 target price on the stock. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $13.33.

Fannie Mae Price Performance

OTCMKTS FNMA traded down $0.65 on Thursday, reaching $13.00. The stock had a trading volume of 10,017,305 shares, compared to its average volume of 8,178,997. Fannie Mae has a 12-month low of $1.09 and a 12-month high of $15.99. The business's 50-day moving average price is $10.74 and its 200 day moving average price is $9.76.

Fannie Mae Company Profile

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.