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Semiconductor Manufacturing Int'l (NYSE:SMI) has earned an average rating of “Buy” from the seven analysts that are covering the company, ARN reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.93.

A number of analysts have recently weighed in on SMI shares. Analysts at Barclays initiated coverage on shares of Semiconductor Manufacturing Int'l in a research note on Monday. They set an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Semiconductor Manufacturing Int'l from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $5.20 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Semiconductor Manufacturing Int'l from $5.00 to $6.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock.

Semiconductor Manufacturing Int'l (NYSE:SMI) traded up 0.21% on Tuesday, hitting $4.68. The stock had a trading volume of 74,830 shares. Semiconductor Manufacturing Int'l has a 52 week low of $3.41 and a 52 week high of $5.32. The stock has a 50-day moving average of $4.61 and a 200-day moving average of $4.27. The company has a market cap of $3.260 billion and a price-to-earnings ratio of 23.35.

Semiconductor Manufacturing Int'l (NYSE:SMI) last announced its earnings results on Wednesday, August 6th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.01. On average, analysts predict that Semiconductor Manufacturing Int'l will post $0.26 earnings per share for the current fiscal year.

Semiconductor Manufacturing International Corporation is an investment holding company. The Company and its subsidiaries are mainly engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, as well as manufacturing and designing semiconductor masks.

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