R1 RCM Inc (RCM) Receives Consensus Rating of “” from Analysts
Shares of R1 RCM Inc (NYSE:RCM) have been given a consensus broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 1-year consensus price target of $4.68 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also assigned R1 RCM an industry rank of 175 out of 265 based on the ratings given to related companies.
A number of analysts recently weighed in on RCM shares. Zacks Investment Research cut shares of R1 RCM from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Robert W. Baird restated a “hold” rating and set a $5.00 target price on shares of R1 RCM in a report on Thursday, August 24th.
Shares of R1 RCM (NYSE:RCM) traded up 1.23% during trading on Wednesday, hitting $3.28. The company’s stock had a trading volume of 40,216 shares. R1 RCM has a one year low of $1.75 and a one year high of $4.37. The company has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.81.
R1 RCM (NYSE:RCM) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.07. The business had revenue of $99.40 million for the quarter, compared to the consensus estimate of $91.95 million. R1 RCM had a negative return on equity of 51.77% and a negative net margin of 6.74%. Equities analysts anticipate that R1 RCM will post ($0.04) earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the company. Spark Investment Management LLC boosted its stake in shares of R1 RCM by 195.4% in the second quarter. Spark Investment Management LLC now owns 379,900 shares of the company’s stock worth $1,424,000 after buying an additional 251,300 shares during the last quarter. New York State Common Retirement Fund purchased a new position in R1 RCM during the second quarter worth approximately $305,000. Nationwide Fund Advisors purchased a new position in R1 RCM during the second quarter worth approximately $215,000. SLS Management LLC raised its position in R1 RCM by 1.8% in the second quarter. SLS Management LLC now owns 631,210 shares of the company’s stock worth $2,367,000 after buying an additional 11,300 shares in the last quarter. Finally, TIAA CREF Investment Management LLC purchased a new position in R1 RCM during the second quarter worth approximately $1,014,000.
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About R1 RCM
R1 RCM Inc, formerly Accretive Health, Inc, is a provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers. The Company is engaged in providing management services of revenue cycle operations for the United States-based hospitals and other medical services providers.
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