Fannie Mae (OTCMKTS:FNMA) Raised to Hold at Zacks Research

Key Points

• Fannie Mae has been upgraded to a "hold" rating by Zacks Research, indicating a potential stabilization in the stock's performance.
• B. Riley has initiated coverage with a "neutral" rating and a price target of $10.00, contrasting with a consensus rating of "Reduce" and an average target price of $7.00.
• The stock has shown significant volatility, with a 12-month high of $15.00 and a low of $1.09, reflecting fluctuating investor sentiments.

Fannie Mae (OTCMKTS:FNMA - Get Free Report) was upgraded by equities research analysts at Zacks Research to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Separately, B. Riley assumed coverage on Fannie Mae in a report on Friday, September 5th. They issued a "neutral" rating and a $10.00 price target for the company. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $11.33.

Fannie Mae Trading Down 4.4%

Shares of FNMA traded down $0.67 during mid-day trading on Monday, reaching $14.64. 11,750,268 shares of the company's stock traded hands, compared to its average volume of 7,199,577. The stock's 50-day moving average is $10.27 and its two-hundred day moving average is $9.52. Fannie Mae has a 12 month low of $1.09 and a 12 month high of $15.99.

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.