BidaskClub downgraded shares of R1 RCM (NASDAQ:RCM) from a strong-buy rating to a buy rating in a research report report published on Friday morning.
Several other brokerages also recently issued reports on RCM. TheStreet downgraded R1 RCM from a c rating to a d+ rating in a research report on Wednesday, May 9th. ValuEngine raised R1 RCM from a buy rating to a strong-buy rating in a research report on Wednesday, May 2nd. Robert W. Baird raised R1 RCM from a neutral rating to an outperform rating and set a $9.00 price target on the stock in a research report on Monday, April 9th. Cantor Fitzgerald initiated coverage on R1 RCM in a research report on Tuesday, March 13th. They issued an overweight rating and a $9.00 price target on the stock. Finally, Zacks Investment Research raised R1 RCM from a sell rating to a hold rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $9.06.
NASDAQ RCM opened at $8.98 on Friday. R1 RCM has a fifty-two week low of $3.05 and a fifty-two week high of $9.27. The stock has a market cap of $978.14 million, a price-to-earnings ratio of -20.41 and a beta of -0.76.
R1 RCM (NASDAQ:RCM) last posted its earnings results on Wednesday, May 9th. The financial services provider reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.11). R1 RCM had a negative net margin of 14.47% and a negative return on equity of 45.77%. The company had revenue of $147.30 million for the quarter, compared to the consensus estimate of $146.00 million. equities research analysts anticipate that R1 RCM will post -0.17 EPS for the current year.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of R1 RCM in the first quarter valued at about $100,000. Allianz Asset Management GmbH acquired a new stake in shares of R1 RCM in the first quarter valued at about $148,000. Trexquant Investment LP acquired a new stake in R1 RCM during the first quarter worth about $156,000. Prudential Financial Inc. acquired a new stake in R1 RCM during the first quarter worth about $160,000. Finally, Citadel Advisors LLC acquired a new stake in R1 RCM during the fourth quarter worth about $112,000. 47.40% of the stock is currently owned by institutional investors.
About R1 RCM
R1 RCM Inc provides revenue cycle management (RCM) for healthcare providers in the United States. It offers end-to-end RCM services to manage their revenue cycle operations, which encompass patient registration, insurance and benefit verification, medical treatment documentation and coding, and bill preparation and collection from patients and payers.
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