Federal National Mortgage Association (OTCMKTS:FNMA) Downgraded to “Underperform” Rating by Keefe, Bruyette & Woods

Federal National Mortgage Association (OTCMKTS:FNMA) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $4.00 price objective on the financial services provider’s stock, up from their prior price objective of $3.00. Keefe, Bruyette & Woods’ price objective points to a potential downside of 30.31% from the company’s previous close.

Federal National Mortgage Association Trading Up 5.1 %

FNMA stock opened at $5.74 on Monday. The firm has a 50 day moving average price of $3.91 and a 200-day moving average price of $2.31. Federal National Mortgage Association has a 52-week low of $1.02 and a 52-week high of $7.80.

Federal National Mortgage Association (OTCMKTS:FNMA) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Federal National Mortgage Association had a negative return on equity of 30.10% and a net margin of 11.22%. The business had revenue of $38.14 billion during the quarter, compared to analysts’ expectations of $7.17 billion.

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.