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 Zacks Research to a "hold" rating in a report released on Monday, September 8th,Zacks.com reports.

Separately, B. Riley started coverage on Fannie Mae in a research report on Friday, September 5th. They issued a "neutral" rating and a $10.00 target price on the stock. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.33.

Fannie Mae Price Performance

Shares of Fannie Mae stock traded down $0.29 during trading hours on Monday, hitting $14.35. The company's stock had a trading volume of 5,640,602 shares, compared to its average volume of 10,878,848. The business has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $9.52. Fannie Mae has a 12-month low of $1.09 and a 12-month high of $15.99.

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.