Federal National Mortgage Association (OTCMKTS:FNMA) Stock Rating Lowered by Keefe, Bruyette & Woods

Federal National Mortgage Association (OTCMKTS:FNMAGet 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:FNMAGet 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

(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.

Further Reading

Receive News & Ratings for Federal National Mortgage Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal National Mortgage Association and related companies with MarketBeat.com's FREE daily email newsletter.