KBW Upgrades Federal National Mortgage Association (FNMA) to Hold


Federal National Mortgage Association (FNMA) received a Hold rating from KBW analyst Bose George today. The company’s shares closed last Monday at $3.70, close to its 52-week high of $4.23.

George has an average return of 19.9% when recommending Federal National Mortgage Association.

According to TipRanks.com, George is ranked #87 out of 5540 analysts.

Currently, the analyst consensus on Federal National Mortgage Association is a Moderate Buy with an average price target of $5.38, a 43.9% upside from current levels. In a report issued on September 30, B.Riley FBR also maintained a Hold rating on the stock with a $3.00 price target.

See today’s analyst top recommended stocks >>

Based on Federal National Mortgage Association’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $31.04 billion and net profit of $3.43 billion. In comparison, last year the company earned revenue of $29.74 billion and had a net profit of $4.01 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts