Key Highlights:
- Fannie Mae’s stock rose 7.3%, driven by savings identified by the Federal Housing Finance Agency.
- Analysts forecast a potential downside with an average price target of $2.50 for the stock.
- Consensus brokerage recommendation indicates “Underperform” status for Fannie Mae.
Fannie Mae (FNMA, Financial) experienced a notable 7.3% increase in its stock price, following reports that the Federal Housing Finance Agency (FHFA) discovered significant savings amounting to several hundred million dollars at the entities under its supervision. This positive development coincides with the substantial growth in Fannie Mae’s net worth, which reached $98.3 billion in the first quarter, representing an increase from the previous year.
Wall Street Analysts Forecast
According to the latest data from two analysts, the average one-year price target for Federal National Mortgage Association Fannie Mae (FNMA, Financial) stands at $2.50. This target comes with a high estimate of $4.00 and a low estimate of $1.00, suggesting a potential downside of 66.56% from the current stock price of $7.48. For more detailed estimates, visit the Federal National Mortgage Association Fannie Mae (FNMA) Forecast page.
The consensus from one brokerage firm indicates that Fannie Mae currently holds an “Underperform” status, with an average brokerage recommendation of 4.0 on a scale where 1 equals Strong Buy and 5 denotes Sell.
Furthermore, GuruFocus’s estimates project the GF Value for Fannie Mae (FNMA, Financial) to be $0.80 in one year. This estimate implies a significant downside of 89.3% from the current price level of $7.475. The GF Value reflects GuruFocus’s assessment of the stock’s fair trading value, calculated using historical trading multiples, past business growth, and future performance estimates. More detailed insights are available on the Federal National Mortgage Association Fannie Mae (FNMA) Summary page.
