Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a $4.00 target price on the financial services provider’s stock, up from their previous target price of $3.00. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 30.31% from the stock’s previous close.
Federal National Mortgage Association Price Performance
Federal National Mortgage Association stock opened at $5.74 on Monday. Federal National Mortgage Association has a twelve month low of $1.02 and a twelve month high of $7.80. The firm has a fifty day simple moving average of $3.91 and a two-hundred day simple moving average of $2.31.
Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $38.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%.
About Federal National Mortgage Association
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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