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Mizuho Securities Initiates a Buy Rating on Federal National Mortgage Association (FNMA)

Tipranks - Tue May 5, 3:40AM CDT

Federal National Mortgage Association received a Buy rating and a $10.00 price target from Mizuho Securities analyst today.

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In addition to Mizuho Securities, Federal National Mortgage Association also received a Buy from BTIG’s Eric Hagen in a report issued on April 29. However, on May 1, Wedbush downgraded Federal National Mortgage Association (Other OTC: FNMA) to a Hold.

Based on Federal National Mortgage Association’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $39.69 billion and a net profit of $3.72 billion. In comparison, last year the company earned a revenue of $39.75 billion and had a net profit of $3.66 billion

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