Rogers (NYSE:ROG) Rating Lowered to Sell at ValuEngine

Rogers (NYSE:ROG) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

ROG has been the topic of a number of other research reports. Zacks Investment Research downgraded Rogers from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Stifel Nicolaus set a $170.00 price objective on shares of Rogers and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Rogers in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $187.25.

Shares of NYSE ROG opened at $127.02 on Tuesday. The business’s 50 day moving average price is $136.12 and its 200 day moving average price is $144.60. The firm has a market cap of $2.41 billion, a P/E ratio of 22.01 and a beta of 2.12. Rogers has a 52 week low of $89.21 and a 52 week high of $206.43. The company has a quick ratio of 3.05, a current ratio of 4.36 and a debt-to-equity ratio of 0.14.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.15. The company had revenue of $221.80 million during the quarter, compared to analyst estimates of $229.67 million. Rogers had a net margin of 10.84% and a return on equity of 14.13%. Rogers’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.42 EPS. As a group, research analysts expect that Rogers will post 6.05 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Rogers by 1.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,930 shares of the electronics maker’s stock valued at $1,541,000 after buying an additional 99 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Rogers by 1.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,520 shares of the electronics maker’s stock worth $953,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC boosted its stake in Rogers by 1.8% during the third quarter. Mason Street Advisors LLC now owns 6,302 shares of the electronics maker’s stock worth $862,000 after buying an additional 111 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Rogers during the second quarter worth $25,000. Finally, Strs Ohio grew its holdings in Rogers by 14.3% in the 2nd quarter. Strs Ohio now owns 1,600 shares of the electronics maker’s stock valued at $276,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 98.20% 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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