Fannie Mae (OTCMKTS:FNMA - Get Free Report) fell 4.4% during trading on Wednesday . The company traded as low as $13.93 and last traded at $14.03. 2,926,193 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 10,833,636 shares. The stock had previously closed at $14.67.
Analyst Ratings Changes
A number of research firms have commented on FNMA. B. Riley began coverage on shares of Fannie Mae in a research report on Friday, September 5th. They issued a "neutral" rating and a $10.00 target price on the stock. Zacks Research raised Fannie Mae to a "hold" rating in a research note on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fannie Mae in a research note on Thursday. They set a "buy" rating and a $20.00 target price on the stock. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.33.
Read Our Latest Research Report on Fannie Mae
Fannie Mae Trading Down 2.9%
The business's fifty day simple moving average is $10.27 and its two-hundred day simple moving average is $9.52.
About Fannie Mae
(
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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.
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