The shares of Fannie Mae (FNMA) jump to the detection of savings from FHFA

Key highlights:

• Fannie Mae’s share increased by 7.3%, which was due to the savings of the Federal Housing Finance Agency.
• Analysts predict a potential disadvantage with an average price target of $ 2.50 for the share.
• The consensus recommendation shows the status “underperform” for Fannie Mae.

Fannie Mae (FNMA, Financial) recorded a remarkable increase in the share price by 7.3%after it has been reported that the Federal Housing Finance Agency (FHFA) corresponds to significant savings of several hundred million dollars among its supervisory companies. This positive development coincides with the considerable growth of Fannie Mae’s net assets, which achieved 98.3 billion US dollars in the first quarter, which corresponds to an increase compared to the previous year.

Forecast Wall Street Analysten

According to the latest data from two analysts, the average one -year goal for Fannie Mae (FNMA, Financial) for the Federal National Mortgage Association is $ 2.50. This goal has a high estimate of $ 4.00 and a low estimate of USD 1.00, which indicates a potential decline of 66.56% compared to the current share price of $ 7.48. You can find more detailed estimates on the forecast side of the Federal National Mortgage Association Fannie Mae (FNMA).

The consensus of a brokerage company indicates that Fannie Mae currently has an “underperform” Satus with an average brokerage recommendation of 4.0 on a scale in which 1 sells of equally strong purchase and 5.

In addition, the Gurufocus estimates project the GF value for Fannie Mae (FNMA, Financial) of USD 0.80 in one year. This estimate implies a significant disadvantage of 89.3% compared to the current price level of $ 7.475. The GF -VALUTE reflects Gurufocus due to the time to be accompanied by fair trade, calculates using historical trade multiplicates, earlier business growth and future performance estimates. You can find more detailed findings on the summary of the Federal National Mortgage Association Fannie Mae (FNMA).