R1 RCM Inc (NASDAQ:RCM)’s share price reached a new 52-week high and low during trading on Friday . The company traded as low as $8.12 and last traded at $8.06, with a volume of 601504 shares. The stock had previously closed at $7.50.
A number of equities analysts recently commented on RCM shares. BidaskClub raised shares of R1 RCM from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of R1 RCM from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Robert W. Baird reaffirmed a “hold” rating and issued a $7.00 price objective on shares of R1 RCM in a research note on Monday, February 26th. Cowen reissued an “in-line” rating and set a $10.00 target price (up previously from $5.00) on shares of R1 RCM in a research note on Monday, March 12th. Finally, Cantor Fitzgerald initiated coverage on shares of R1 RCM in a research note on Tuesday, March 13th. They set an “overweight” rating and a $9.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $8.00.
R1 RCM (NASDAQ:RCM) last issued its earnings results on Friday, March 9th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $131.20 million. R1 RCM had a negative net margin of 13.07% and a negative return on equity of 31.68%. research analysts anticipate that R1 RCM Inc will post -0.15 earnings per share for the current year.
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About R1 RCM
R1 RCM 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. Its primary service offering consists of end-to-end RCM, which the Company deploys through a co-managed relationship or an operating partner relationship.
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