Fannie Mae (OTCMKTS:FNMA) Stock Has Consensus Price Target of $7.80

Shares of Fannie Mae (OTCMKTS:FNMA) have earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.30.

Several analysts recently commented on FNMA shares. Mizuho downgraded shares of Fannie Mae from an “outperform” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research report on Monday, October 12th. B. Riley Financial dropped their target price on Fannie Mae from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Thursday. Wedbush began coverage on shares of Fannie Mae in a report on Thursday, October 22nd. They issued a “hold” rating and a $3.50 target price for the company. Finally, Keefe, Bruyette & Woods dropped their price target on Fannie Mae from $6.25 to $3.50 and set an “underperform” rating for the company in a research note on Monday, September 28th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fannie Mae stock. Hennessy Advisors Inc. acquired a new position in shares of Fannie Mae (OTCMKTS:FNMA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the financial services provider’s stock, valued at approximately $195,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Fannie Mae Price Performance

Shares of Fannie Mae stock opened at $4.80 on Wednesday. Fannie Mae has a 12-month low of $2.96 and a 12-month high of $12.39. The business’s 50 day moving average is $4.83 and its 200-day moving average is $6.46. The stock has a market cap of $5.56 billion, a P/E ratio of 21.82 and a beta of 1.68.

Fannie Mae (OTCMKTS:FNMA) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. Fannie Mae had a negative return on equity of 88.54% and a net margin of 5.16%. The business had revenue of $7.65 billion during the quarter, compared to the consensus estimate of $7.45 billion. On average, sell-side analysts expect that Fannie Mae will post 2.71 EPS for the current year.

Fannie Mae Company Profile

Fannie Mae, formally known as the Federal National Mortgage Association, is a government-sponsored enterprise that supports the U.S. housing finance system. It operates in the secondary mortgage market, purchasing qualifying residential mortgage loans from approved lenders and helping provide liquidity so those lenders can continue offering mortgage financing to homebuyers and homeowners.

Fannie Mae finances its activities primarily by issuing debt and mortgage-backed securities. It also guarantees certain mortgage-backed securities, helping connect mortgage lenders with institutional investors.