BidaskClub Upgrades R1 RCM (RCM) to “Buy”

R1 RCM (NASDAQ:RCM) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other analysts have also commented on RCM. Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. KeyCorp assumed coverage on shares of R1 RCM in a research report on Tuesday, January 22nd. They set an “overweight” rating and a $10.00 price target on the stock. Finally, Citigroup assumed coverage on shares of R1 RCM in a research report on Monday, December 10th. They set a “buy” rating and a $20.00 price target on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.00.

RCM stock opened at $9.94 on Wednesday. The company has a market cap of $1.07 billion, a PE ratio of -31.06 and a beta of 0.11. The company has a debt-to-equity ratio of 56.51, a quick ratio of 1.00 and a current ratio of 1.00. R1 RCM has a one year low of $6.95 and a one year high of $11.00.



R1 RCM (NASDAQ:RCM) last released its quarterly earnings results on Friday, February 22nd. The financial services provider reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The firm had revenue of $262.90 million for the quarter, compared to analyst estimates of $264.48 million. R1 RCM had a negative net margin of 5.22% and a negative return on equity of 145.94%. The business’s revenue was up 87.4% on a year-over-year basis. Analysts forecast that R1 RCM will post 0.13 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in RCM. Legal & General Group Plc grew its stake in shares of R1 RCM by 15.8% in the fourth quarter. Legal & General Group Plc now owns 19,654 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 2,675 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of R1 RCM by 64.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,463 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 2,926 shares in the last quarter. Marshall Wace North America L.P. grew its stake in shares of R1 RCM by 13.9% in the third quarter. Marshall Wace North America L.P. now owns 35,047 shares of the financial services provider’s stock worth $356,000 after acquiring an additional 4,290 shares in the last quarter. Citigroup Inc. grew its stake in shares of R1 RCM by 5.0% in the fourth quarter. Citigroup Inc. now owns 118,345 shares of the financial services provider’s stock worth $941,000 after acquiring an additional 5,619 shares in the last quarter. Finally, United Services Automobile Association grew its stake in shares of R1 RCM by 45.9% in the third quarter. United Services Automobile Association now owns 21,806 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 6,858 shares in the last quarter. 66.10% 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.

Featured Article: What is a Futures Contract?

Analyst Recommendations for R1 RCM (NASDAQ:RCM)

Receive News & Ratings for R1 RCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for R1 RCM and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply