Rogers Corporation (NYSE:ROG – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock has a 200-day moving average of $128.20 and traded as high as $130.82. Rogers shares last traded at $128.25, with a volume of 312,258 shares changing hands.
A number of other analysts have also issued reports on ROG. Freedom Broker raised Rogers to a “strong-buy” rating in a report on Thursday, October 1st. Weiss Ratings lowered Rogers from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, October 28th. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Finally, B. Riley Financial reduced their price objective on Rogers from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rogers currently has a consensus rating of “Buy” and an average price target of $180.00.
Institutional Investors Weigh In On Rogers
Several hedge funds have recently made changes to their positions in ROG. Bank of New York Mellon Corp bought a new position in Rogers during the second quarter valued at about $18,012,000. Engineers Gate Manager LP lifted its position in shares of Rogers by 214.0% in the 2nd quarter. Engineers Gate Manager LP now owns 9,742 shares of the electronics maker’s stock worth $1,595,000 after acquiring an additional 6,639 shares during the period. Hsbc Holdings PLC lifted its position in shares of Rogers by 145.6% in the 2nd quarter. Hsbc Holdings PLC now owns 40,685 shares of the electronics maker’s stock worth $6,707,000 after acquiring an additional 24,118 shares during the period. BlackRock Inc. bought a new stake in shares of Rogers in the 2nd quarter worth approximately $556,493,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Rogers during the 2nd quarter worth approximately $1,001,000. Institutional investors own 96.02% of the company’s stock.
Rogers Trading Up 5.2%
The company has a market cap of $2.28 billion, a price-to-earnings ratio of 50.69 and a beta of 0.42. The company has a fifty day moving average price of $135.95 and a two-hundred day moving average price of $128.20.
Rogers (NYSE:ROG – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.20. Rogers had a net margin of 5.30% and a return on equity of 5.89%. The firm had revenue of $236.10 million for the quarter, compared to analyst estimates of $238.00 million. Sell-side analysts anticipate that Rogers Corporation will post 4.06 EPS for the current fiscal year.
Rogers Company Profile
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