Braskem S.A. (BAK) Forms $29.10 Double Top; 1 Analysts Covering Semiconductor Manufacturing International (SMI)

Braskem S.A. (BAK) formed double top with $30.56 target or 5.00% above today’s $29.10 share price. Braskem S.A. (BAK) has $11.93B valuation. The stock increased 2.43% or $0.69 during the last trading session, reaching $29.1. About 239,295 shares traded. Braskem S.A. (NYSE:BAK) has risen 73.46% since March 7, 2017 and is uptrending. It has outperformed by 56.76% the S&P500.

Among 8 analysts covering Semiconductor Manufacturing Int’l (NYSE:SMI), 1 have Buy rating, 6 Sell and 1 Hold. Therefore 13% are positive. Semiconductor Manufacturing Int’l had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 12 by Citigroup. Citigroup downgraded the stock to “Sell” rating in Monday, February 12 report. As per Wednesday, August 12, the company rating was upgraded by Bank of America. JP Morgan upgraded the stock to “Overweight” rating in Monday, February 22 report. The firm has “Underperform” rating given on Tuesday, November 7 by Credit Suisse. The firm earned “Sell” rating on Monday, February 12 by J.P. Morgan. As per Thursday, August 27, the company rating was upgraded by Bernstein. On Wednesday, November 15 the stock rating was downgraded by HSBC to “Reduce”. Daiwa Securities downgraded the shares of SMI in report on Wednesday, November 15 to “Hold” rating. The stock of Semiconductor Manufacturing International Corporation (NYSE:SMI) earned “Underperform” rating by Bernstein on Thursday, August 10. See Semiconductor Manufacturing International Corporation (NYSE:SMI) latest ratings:

12/02/2018 Broker: J.P. Morgan Rating: Sell Downgrade
12/02/2018 Broker: Citigroup Rating: Sell Downgrade
15/11/2017 Broker: Bank of America Rating: Sell Downgrade
15/11/2017 Broker: HSBC Old Rating: Hold New Rating: Reduce Downgrade
15/11/2017 Broker: Daiwa Securities Old Rating: Buy New Rating: Hold Downgrade
07/11/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Underperform Downgrade

Analysts await Braskem S.A. (NYSE:BAK) to report earnings on August, 16. BAK’s profit will be $332.18M for 8.98 P/E if the $0.81 EPS becomes a reality. After $0.64 actual EPS reported by Braskem S.A. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Among 4 analysts covering Braskem SA (NYSE:BAK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Braskem SA had 5 analyst reports since September 21, 2015 according to SRatingsIntel. JP Morgan upgraded Braskem S.A. (NYSE:BAK) on Monday, December 5 to “Overweight” rating. The firm has “Buy” rating by Bank of America given on Tuesday, May 24. The rating was initiated by HSBC on Tuesday, October 11 with “Buy”.

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the computer-aided design, manufacture, testing, packaging, and trading of integrated circuits and other semiconductor services. The company has market cap of $6.85 billion. It also creates and makes semiconductor masks; and makes and trades in solar cell related semiconductor products. It has a 26.69 P/E ratio. In addition, the firm is involved in the bumping and circuit probe testing, as well as marketing related activities.