Fannie Mae (OTCMKTS:FNMA) Shares Up 7.2% – Should You Buy?

by · The Markets Daily

Fannie Mae (OTCMKTS:FNMA – Get Free Report) traded up 7.2% during mid-day trading on Tuesday . The company traded as high as $12.39 and last traded at $12.2580. 3,809,352 shares were traded during trading, a decline of 61% from the average session volume of 9,795,380 shares. The stock had previously closed at $11.44.

Analyst Upgrades and Downgrades

Several analysts have commented on FNMA shares. Wedbush began coverage on Fannie Mae in a research note on Tuesday, November 25th. They set an “outperform” rating and a $11.50 price objective for the company. Keefe, Bruyette & Woods boosted their price target on shares of Fannie Mae from $4.00 to $10.00 and gave the stock an “underperform” rating in a research note on Thursday, September 18th. B. Riley upgraded shares of Fannie Mae to a “hold” rating in a research report on Wednesday, October 29th. Zacks Research downgraded Fannie Mae from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fannie Mae in a research note on Thursday, September 11th. They set a “buy” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.88.

Get Our Latest Stock Report on Fannie Mae

Fannie Mae Trading Down 0.6%

The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 6.36 and a beta of 1.71. The firm’s 50 day moving average is $10.90 and its two-hundred day moving average is $10.65.

Fannie Mae (OTCMKTS:FNMA – Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $7.72 billion. Fannie Mae had a negative return on equity of 37.47% and a net margin of 2.61%.

About Fannie Mae

(Get Free Report)

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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