Rogers (NYSE:ROG) Stock Rating Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Rogers to “buy” from “hold,” while other analysts issued mixed ratings; the stock’s overall consensus remains “Buy” with a $195 price target.
• Rogers reported quarterly EPS of $1.39, beating estimates of $1.19, although revenue of $236.1 million came in slightly below the $238 million consensus.
• The stock opened at $132.65, with a $2.36 billion market capitalization and a 52-week range of $75.14 to $169.00; institutional investors and hedge funds own 96.02% of shares.

Rogers (NYSE:ROG - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

ROG has been the subject of a number of other research reports. Zacks Research raised Rogers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. B. Riley Financial dropped their target price on Rogers from $225.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Weiss Ratings downgraded Rogers from a "hold (c)" rating to a "sell (d+)" rating in a research note on Wednesday. Finally, Freedom Broker raised Rogers to a "strong-buy" rating in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rogers has an average rating of "Buy" and a consensus price target of $195.00.

Rogers Stock Performance

Rogers stock opened at $132.65 on Friday. The firm has a market cap of $2.36 billion, a PE ratio of 52.43 and a beta of 0.43. The firm's 50 day moving average price is $135.96 and its two-hundred day moving average price is $127.41. Rogers has a twelve month low of $75.14 and a twelve month high of $169.00.

Rogers (NYSE:ROG - Get Free Report) last issued its earnings results on Tuesday, October 27th. The electronics maker reported $1.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $236.10 million during the quarter, compared to analyst estimates of $238.00 million. Equities analysts anticipate that Rogers will post 4.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Rogers

Several large investors have recently bought and sold shares of the stock. Vise Technologies Inc. lifted its holdings in shares of Rogers by 21.8% during the third quarter. Vise Technologies Inc. now owns 2,993 shares of the electronics maker's stock valued at $458,000 after acquiring an additional 535 shares during the period. Leeward Investments LLC MA boosted its stake in shares of Rogers by 4.7% in the 3rd quarter. Leeward Investments LLC MA now owns 328,731 shares of the electronics maker's stock valued at $50,293,000 after purchasing an additional 14,872 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Rogers by 8.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 56,581 shares of the electronics maker's stock worth $8,656,000 after purchasing an additional 4,411 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Rogers by 26.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,659 shares of the electronics maker's stock worth $713,000 after purchasing an additional 964 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 117 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Zacks upgraded Rogers Corporation from “hold” to “strong-buy,” providing a potentially meaningful boost to investor sentiment and signaling greater confidence in the company’s earnings outlook. Zacks upgrades Rogers to strong-buy
• Positive Sentiment: Rogers reported quarterly EPS of $1.39, ahead of the $1.19 analyst consensus. The earnings beat helped drive earlier strength in the shares and supports the case for improving profitability. Rogers shares gap up following better-than-expected earnings
• Neutral Sentiment: The company’s quarterly revenue of $236.1 million was slightly below the $238 million consensus estimate. This creates a mixed earnings picture: profitability exceeded expectations, while top-line demand was somewhat softer than forecast.
• Neutral Sentiment: Rogers published its third-quarter earnings presentation, giving investors additional information on operating performance and management’s outlook. Rogers Corporation third-quarter results presentation
• Negative Sentiment: The stock’s recent weakness may reflect profit-taking and valuation concerns after a strong rebound. Rogers trades at a relatively high earnings multiple, while its revenue miss could make investors more sensitive to signs of slowing demand.

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.

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