Semiconductor Manufacturing Int'l Given Average Rating of “Buy” by Brokerages (NYSE:SMI)
Shares of Semiconductor Manufacturing Int'l (NYSE:SMI) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, Stock Ratings Network reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.93.
SMI has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of Semiconductor Manufacturing Int'l in a research note on Monday, August 18th. 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) opened at 4.63 on Tuesday. Semiconductor Manufacturing Int'l has a one year low of $3.41 and a one year high of $5.32. The stock’s 50-day moving average is $4.65 and its 200-day moving average is $4.27. The company has a market cap of $3.225 billion and a price-to-earnings ratio of 23.40.
Semiconductor Manufacturing Int'l (NYSE:SMI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.01. Analysts expect that Semiconductor Manufacturing Int'l will post $0.26 EPS 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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