R1 RCM Inc (RCM) Receives Average Rating of “Buy” from Brokerages

R1 RCM Inc (NASDAQ:RCM) has been given an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. R1 RCM’s rating score has improved by 14.2% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price target of $4.75 for the company and are predicting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given R1 RCM an industry rank of 118 out of 265 based on the ratings given to related companies.

Several analysts recently commented on RCM shares. Zacks Investment Research raised shares of R1 RCM from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $5.00 price objective on shares of R1 RCM in a report on Tuesday, September 26th.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in R1 RCM during the 2nd quarter worth approximately $10,550,000. State Street Corp acquired a new position in R1 RCM during the 2nd quarter worth approximately $5,327,000. Paradigm Capital Management Inc. NY increased its position in R1 RCM by 14.8% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 6,967,900 shares of the financial services provider’s stock worth $25,851,000 after purchasing an additional 900,753 shares in the last quarter. AJO LP acquired a new position in R1 RCM during the 2nd quarter worth approximately $3,090,000. Finally, Unterberg Capital LLC bought a new stake in R1 RCM during the 3rd quarter worth approximately $2,579,000. Institutional investors own 47.63% of the company’s stock.

Shares of R1 RCM (NASDAQ:RCM) traded up $0.05 during mid-day trading on Monday, hitting $4.50. 245,900 shares of the company traded hands, compared to its average volume of 369,785. The company has a market cap of $470.32, a P/E ratio of -16.07 and a beta of -0.47. R1 RCM has a 1-year low of $2.02 and a 1-year high of $4.58.

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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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