Federal National Mortgage Association (OTCMKTS:FNMA) has been given a $2.00 price objective by equities researchers at B. Riley in a research note issued to investors on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. B. Riley’s price target points to a potential downside of 13.79% from the stock’s current price. B. Riley also issued estimates for Federal National Mortgage Association’s Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.00 EPS, Q1 2021 earnings at $0.00 EPS and Q2 2021 earnings at $0.00 EPS.
Several other analysts also recently commented on the company. Zacks Investment Research upgraded Federal National Mortgage Association from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Friday. Compass Point assumed coverage on Federal National Mortgage Association in a report on Thursday, June 20th. They set a “neutral” rating on the stock.
Shares of Federal National Mortgage Association stock traded up $0.22 during midday trading on Friday, hitting $2.32. The company had a trading volume of 5,161,307 shares, compared to its average volume of 4,860,294. The firm has a market cap of $2.63 billion, a PE ratio of 4.07 and a beta of 2.28. The firm has a 50 day moving average price of $2.63. Federal National Mortgage Association has a 52-week low of $0.98 and a 52-week high of $3.27.
Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.
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