Shares of Federal National Mortgage Association (OTCMKTS:FNMA – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.00 and last traded at $7.43, with a volume of 18465326 shares traded. The stock had previously closed at $7.70.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods cut shares of Federal National Mortgage Association from a “market perform” rating to an “underperform” rating and upped their price target for the company from $3.00 to $4.00 in a research note on Monday, January 27th.
View Our Latest Report on FNMA
Federal National Mortgage Association Price Performance
About Federal National Mortgage Association
Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.
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