Rogers (NYSE:ROG) Stock Price Target Lowered at B. Riley Financial

Rogers (NYSE:ROG) had its price target reduced by analysts at B. Riley Financial from $195.00 to $180.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. B. Riley Financial‘s target price suggests a potential upside of 39.35% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Freedom Broker raised shares of Rogers to a “strong-buy” rating in a report on Thursday, October 1st. Finally, Weiss Ratings cut shares of Rogers from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $180.00.

Rogers Trading Up 5.9%

NYSE ROG traded up $7.21 on Monday, hitting $129.17. 12,741 shares of the company traded hands, compared to its average volume of 233,400. The business’s 50 day moving average price is $135.90 and its 200-day moving average price is $128.06. Rogers has a 52-week low of $75.14 and a 52-week high of $169.00. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 50.77 and a beta of 0.42.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. The business had revenue of $236.10 million during the quarter, compared to analysts’ expectations of $238.00 million. Rogers had a return on equity of 5.89% and a net margin of 5.30%. As a group, sell-side analysts predict that Rogers will post 4.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ROG. GAMMA Investing LLC increased its stake in Rogers by 12.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,054 shares of the electronics maker’s stock worth $161,000 after buying an additional 117 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Rogers by 1.9% during the first quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker’s stock valued at $809,000 after acquiring an additional 143 shares during the period. Parallel Advisors LLC raised its holdings in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 144 shares during the period. State of Wyoming bought a new stake in Rogers during the second quarter valued at about $42,000. Finally, Legacy Wealth Asset Management LLC lifted its position in shares of Rogers by 13.4% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,297 shares of the electronics maker’s stock valued at $376,000 after acquiring an additional 271 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Rogers Company Profile