Analysts Set Fannie Mae (OTCMKTS:FNMA) Price Target at $12.25

Shares of Fannie Mae (OTCMKTS:FNMA) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.25.

Several equities analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $8.00 price target on shares of Fannie Mae in a report on Thursday, July 30th. BTIG Research cut shares of Fannie Mae from a “buy” rating to a “neutral” rating in a report on Tuesday, June 16th. B. Riley Financial cut their price objective on shares of Fannie Mae from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Mizuho assumed coverage on shares of Fannie Mae in a research note on Monday, May 4th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Zacks Research upgraded shares of Fannie Mae from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st.

Institutional Trading of Fannie Mae

A hedge fund recently bought a new stake in Fannie Mae stock. Ratan Capital Management LP purchased a new stake in shares of Fannie Mae (OTCMKTS:FNMA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,000 shares of the financial services provider’s stock, valued at approximately $514,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Fannie Mae Stock Up 1.1%

FNMA opened at $6.20 on Friday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 155.04 and a beta of 1.66. Fannie Mae has a fifty-two week low of $3.60 and a fifty-two week high of $15.99. The company’s 50-day moving average price is $6.22 and its 200 day moving average price is $6.85.

Fannie Mae (OTCMKTS:FNMA) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. Fannie Mae had a negative return on equity of 76.66% and a net margin of 4.59%.The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.32 billion. Research analysts anticipate that Fannie Mae will post 2.59 earnings per share for the current year.

About Fannie Mae

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.