B.Riley FBR analyst Randy Binner maintained a Hold rating on Fannie Mae (FNMA) on August 2 and set a price target of $2. The company’s shares closed yesterday at $2.10.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.3% and a 63.9% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Colony Credit Real Estate Inc, and Health Insurance Innovations.
The word on The Street in general, suggests a Hold analyst consensus rating for Fannie Mae with a $2 average price target.
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The company has a one-year high of $3.27 and a one-year low of $0.98. Currently, Fannie Mae has an average volume of 4.88M.
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Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments.
