Rogers Corp. Stock Rating Upgraded by Zacks (ROG)
Rogers Corp. (NYSE:ROG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, AR Network reports. The firm currently has a $66.10 target price on the stock. Zacks‘ price objective suggests a potential upside of 5.69% from the stock’s previous close.
Shares of Rogers Corp. (NYSE:ROG) traded up 1.41% on Tuesday, hitting $63.42. The stock had a trading volume of 64,414 shares. Rogers Corp. has a 1-year low of $37.20 and a 1-year high of $63.00. The stock’s 50-day moving average is $59.31 and its 200-day moving average is $58.5. The company has a market cap of $1.124 billion and a P/E ratio of 34.98.
Rogers Corp. (NYSE:ROG) last announced its earnings results on Monday, February 24th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.05. On average, analysts predict that Rogers Corp. will post $3.23 earnings per share for the current fiscal year.
Separately, analysts at Davidson raised their price target on shares of Rogers Corp. from $65.00 to $68.00 in a research note on Tuesday.
Rogers Corporation (NYSE:ROG) is the supplier of a range of specialty materials and components for the portable communications, communications infrastructure, consumer electronics, mass transit, automotive, defense, and clean technology.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.