Fannie Mae (OTCMKTS:FNMA) Trading Down 13.9% – What’s Next?

Fannie Mae (OTCMKTS:FNMA)’s stock price fell 13.9% during mid-day trading on Thursday . The stock traded as low as $9.55 and last traded at $9.7950. 9,381,149 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 10,045,892 shares. The stock had previously closed at $11.38.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Zacks Research downgraded Fannie Mae from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. B. Riley upgraded Fannie Mae to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft began coverage on Fannie Mae in a report on Thursday, September 11th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fannie Mae from $4.00 to $10.00 and gave the stock an “underperform” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Fannie Mae has an average rating of “Reduce” and an average price target of $13.33.

Fannie Mae Stock Performance

The business has a 50 day moving average of $11.73 and a two-hundred day moving average of $10.48. The stock has a market capitalization of $11.15 billion, a PE ratio of 4.69 and a beta of 2.01.

Fannie Mae (OTCMKTS:FNMA) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.07). The firm had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $7.72 billion. Fannie Mae had a negative return on equity of 37.47% and a net margin of 7.02%.

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.