Fannie Mae (OTCMKTS:FNMA – Get Free Report) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.75.
Several analysts recently commented on FNMA shares. Zacks Research raised Fannie Mae from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. BTIG Research lowered Fannie Mae from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods cut their price objective on Fannie Mae from $10.00 to $8.50 and set an “underperform” rating for the company in a report on Monday, April 20th. Wedbush downgraded shares of Fannie Mae from an “outperform” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research note on Friday, May 1st. Finally, Mizuho started coverage on shares of Fannie Mae in a report on Monday, May 4th. They issued an “outperform” rating and a $10.00 target price on the stock.
View Our Latest Stock Analysis on FNMA
Fannie Mae Stock Down 3.7%
Fannie Mae (OTCMKTS:FNMA – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. Fannie Mae had a negative return on equity of 65.94% and a net margin of 4.53%.The company had revenue of $7.28 billion for the quarter, compared to analyst estimates of $7.25 billion. Equities research analysts expect that Fannie Mae will post 2.57 EPS for the current fiscal year.
Fannie Mae Company Profile
The Federal National Mortgage Association, commonly known as Fannie Mae (OTCMKTS:FNMA), is a government-sponsored enterprise established by Congress in 1938 as part of the New Deal to support the U.S. housing market. Headquartered in Washington, DC, Fannie Mae’s mission is to promote liquidity, stability and affordability in the mortgage market. The company operates by purchasing residential mortgage loans from financial institutions, pooling them into mortgage-backed securities (MBS), and providing guarantees to investors against borrower default.
In its core business, Fannie Mae works with mortgage lenders across the United States—including banks, credit unions and mortgage finance companies—to ensure a steady flow of capital for homebuyers and homeowners seeking refinancing.
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