Rogers (NYSE:ROG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rogers (NYSE:ROG) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Several other research analysts have also recently issued reports on the company. B. Riley Financial dropped their price objective on Rogers from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Weiss Ratings lowered Rogers from a “hold (c)” rating to a “sell (d+)” rating in a research 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, Freedom Broker upgraded Rogers to a “strong-buy” rating in a report on Thursday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $195.00.

Rogers Price Performance

Rogers stock opened at $128.66 on Friday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 50.85 and a beta of 0.43. The firm has a 50-day moving average of $136.00 and a two-hundred day moving average of $127.56. Rogers has a 1 year low of $75.14 and a 1 year high of $169.00.

Rogers (NYSE:ROG) last issued its 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. Rogers had a net margin of 5.30% and a return on equity of 5.89%. The business had revenue of $236.10 million for the quarter, compared to analyst estimates of $238.00 million. Research analysts expect that Rogers will post 4.06 earnings per share for the current year.

Institutional Investors Weigh In On Rogers

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in shares of Rogers in the 2nd quarter worth $18,012,000. Engineers Gate Manager LP boosted its position in Rogers by 214.0% during the second quarter. Engineers Gate Manager LP now owns 9,742 shares of the electronics maker’s stock valued at $1,595,000 after purchasing an additional 6,639 shares in the last quarter. Hsbc Holdings PLC boosted its position in Rogers by 145.6% during the second quarter. Hsbc Holdings PLC now owns 40,685 shares of the electronics maker’s stock valued at $6,707,000 after purchasing an additional 24,118 shares in the last quarter. BlackRock Inc. bought a new stake in Rogers during the second quarter valued at about $556,493,000. Finally, Virtus Advisers LLC purchased a new position in Rogers in the second quarter valued at about $1,001,000. Institutional investors own 96.02% of the company’s stock.

Rogers News Summary

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: A recent earnings report showed Rogers Corporation exceeding analysts’ earnings expectations, with quarterly EPS of $1.39 versus the consensus estimate of $1.19. This suggests improving profitability and supports the company’s turnaround narrative.
• Neutral Sentiment: The latest investment commentary characterizes the company’s operational turnaround as increasingly credible but questions whether the current valuation fully reflects that improvement. Rogers Corporation: The Turnaround Is Now Real, The Valuation Still Is Not
• Negative Sentiment: Valuation remains a concern: Rogers trades at a relatively high price-to-earnings ratio of about 51 despite modest profitability, including a net margin of 5.3%. That may be limiting upside and contributing to selling pressure as investors assess whether the turnaround can justify the premium multiple.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global manufacturer of engineered materials and specialty components used in demanding applications. The company develops high-performance elastomers, polymer composites, laminates and other material technologies designed to provide electrical insulation, thermal management, vibration control, protection and reliability.

Its products are used in electric and hybrid vehicles, power electronics, telecommunications and 5G infrastructure, aerospace and defense systems, healthcare equipment, renewable energy systems and various industrial applications.