R1 RCM Stock Forecast, Price & News

R1 RCM's stock was trading at $10.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RCM shares have increased by 104.5% and is now trading at $20.78.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for R1 RCM in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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R1 RCM is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for R1 RCM.

R1 RCM Inc. (NASDAQ:RCM) issued its earnings results on Tuesday, November, 3rd. The healthcare provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.00 by $0.11. The healthcare provider earned $307.20 million during the quarter, compared to analysts' expectations of $295.38 million. R1 RCM had a return on equity of 182.08% and a net margin of 4.02%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share.
View R1 RCM's earnings history.

R1 RCM issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, November, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.25-1.26 billion, compared to the consensus revenue estimate of $1.24 billion.

5 analysts have issued 12-month price targets for R1 RCM's stock. Their forecasts range from $12.00 to $24.00. On average, they expect R1 RCM's stock price to reach $19.00 in the next year. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for R1 RCM.

R1 RCM saw a drop in short interest in November. As of November 15th, there was short interest totaling 3,790,000 shares, a drop of 23.9% from the October 31st total of 4,980,000 shares. Based on an average daily volume of 1,540,000 shares, the short-interest ratio is currently 2.5 days.
View R1 RCM's Short Interest.

Some companies that are related to R1 RCM include Laboratory Co. of America (LH), Quest Diagnostics (DGX), DaVita (DVA), Amedisys (AMED), Chemed (CHE), LHC Group (LHCG), AMN Healthcare Services (AMN), The Providence Service (PRSC), MEDNAX (MD), CorVel (CRVL), Tivity Health (TVTY), Cross Country Healthcare (CCRN) and Interpace Biosciences (IDXG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other R1 RCM investors own include NVIDIA (NVDA), JD.com (JD), Baozun (BZUN), Inseego (INSG), BioXcel Therapeutics (BTAI), Marvell Technology Group (MRVL), Akoustis Technologies (AKTS), Alibaba Group (BABA), Bilibili (BILI) and Model N (MODN).

R1 RCM trades on the NASDAQ under the ticker symbol "RCM."

R1 RCM's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.46%), Paradigm Capital Management Inc. NY (3.56%), State Street Corp (2.86%), SCW Capital Management LP (2.05%), Snyder Capital Management L P (1.28%) and Boston Partners (1.21%). Company insiders that own R1 RCM stock include Albert Rene Zimmerli, Charles J Ditkoff, Joseph Gerard Flanagan and Michael C Feiner.
View institutional ownership trends for R1 RCM.

RCM stock was sold by a variety of institutional investors in the last quarter, including SCW Capital Management LP, Penn Capital Management Co. Inc., Paradigm Capital Management Inc. NY, Point72 Asset Management L.P., Copper Rock Capital Partners LLC, New York State Common Retirement Fund, Royce & Associates LP, and Federated Hermes Inc..
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RCM stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Snyder Capital Management L P, State Street Corp, Principal Financial Group Inc., Anqa Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Public Sector Pension Investment Board, and Morgan Stanley. Company insiders that have bought R1 RCM stock in the last two years include Albert Rene Zimmerli, and Joseph Gerard Flanagan.
View insider buying and selling activity for R1 RCM.

Shares of RCM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RCM stock can currently be purchased for approximately $20.78.

R1 RCM has a market capitalization of $2.42 billion and generates $1.19 billion in revenue each year. The healthcare provider earns $12 million in net income (profit) each year or ($0.08) on an earnings per share basis. R1 RCM employs 22,500 workers across the globe.

The official website for R1 RCM is www.r1rcm.com.

R1 RCM's mailing address is 401 NORTH MICHIGAN AVENUE SUITE 2700, CHICAGO IL, 60611. The healthcare provider can be reached via phone at (312) 324-7820 or via email at [email protected]