B.Riley FBR analyst Randy Binner maintained a Hold rating on Federal National Mortgage Association (FNMA) yesterday and set a price target of $3.00. The company’s shares closed last Monday at $3.80, close to its 52-week high of $4.23.
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.4% and a 65.1% success rate. Binner covers the Financial sector, focusing on stocks such as Colony Credit Real Estate Inc, Victory Capital Holdings Inc, and Health Insurance Innovations.
Federal National Mortgage Association has an analyst consensus of Moderate Buy, with a price target consensus of $5.38.
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The company has a one-year high of $4.23 and a one-year low of $0.98. Currently, Federal National Mortgage Association has an average volume of 6.97M.
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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.
