Brokerages Set Rogers Co. (ROG) Price Target at $161.67

Rogers Co. (NYSE:ROG) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $161.67.

ROG has been the subject of a number of research analyst reports. Zacks Investment Research raised Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price target for the company in a report on Wednesday, November 8th. Needham & Company LLC increased their price objective on Rogers to $180.00 and gave the company a “positive” rating in a report on Tuesday, December 19th. B. Riley reissued a “buy” rating and issued a $180.00 price objective on shares of Rogers in a report on Friday, December 15th. Finally, ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

Shares of Rogers (NYSE ROG) traded up $0.10 on Friday, reaching $157.61. The company had a trading volume of 83,460 shares, compared to its average volume of 163,804. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. The firm has a market capitalization of $2,873.60, a P/E ratio of 34.05 and a beta of 1.22. Rogers has a 52-week low of $80.35 and a 52-week high of $184.00.

Hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Rogers by 178.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock valued at $105,000 after acquiring an additional 501 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rogers by 59.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after acquiring an additional 340 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Rogers by 852.9% in the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock valued at $151,000 after acquiring an additional 1,015 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Rogers by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 147 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Rogers in the fourth quarter valued at approximately $201,000. 93.08% of the stock is owned by institutional investors and hedge funds.

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About Rogers

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

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