Rogers Co. (NYSE:ROG) Receives Average Rating of “Buy” from Analysts

Rogers Co. (NYSE:ROG) has been given a consensus rating of “Buy” by the six analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $185.00.

ROG has been the topic of a number of recent research reports. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. B. Riley upped their price target on shares of Rogers from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus assumed coverage on shares of Rogers in a research note on Thursday, May 30th. They issued a “buy” rating and a $200.00 price target on the stock.

Shares of NYSE:ROG traded up $5.91 during midday trading on Tuesday, reaching $136.78. The company’s stock had a trading volume of 127,100 shares, compared to its average volume of 185,667. The firm has a 50 day moving average of $157.60 and a 200-day moving average of $156.14. The firm has a market capitalization of $2.43 billion, a P/E ratio of 23.71 and a beta of 2.16. The company has a quick ratio of 3.33, a current ratio of 4.52 and a debt-to-equity ratio of 0.22. Rogers has a 12-month low of $89.21 and a 12-month high of $206.43.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, July 31st. The electronics maker reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.09. The firm had revenue of $242.90 million for the quarter, compared to the consensus estimate of $244.90 million. Rogers had a net margin of 10.39% and a return on equity of 14.33%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. On average, research analysts predict that Rogers will post 6.3 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in Rogers by 20.4% during the fourth quarter. Bank of America Corp DE now owns 61,583 shares of the electronics maker’s stock worth $6,100,000 after purchasing an additional 10,420 shares during the period. Jane Street Group LLC bought a new position in Rogers during the fourth quarter worth about $224,000. Amalgamated Bank lifted its stake in Rogers by 42.1% during the fourth quarter. Amalgamated Bank now owns 2,752 shares of the electronics maker’s stock worth $273,000 after purchasing an additional 815 shares during the period. Norges Bank bought a new position in Rogers during the fourth quarter worth about $18,528,000. Finally, Chartwell Investment Partners LLC bought a new position in Rogers during the first quarter worth about $2,470,000. Institutional investors own 99.15% of the company’s stock.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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