Stock analysts at Credit Suisse started coverage on shares of RetailMeNot (NASDAQ:SALE) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
The analysts wrote, “SALE’s stock price has appreciated 53% since its initial pricing, and only valuation holds us back from a more constructive rating, as the risk/reward appears balanced at current levels. We believe that RetailMeNot already leads the sector by a wide margin, and over the longer term more consumer leads will likely generate greater merchant transaction volume, which in turn should spur more and better discount offerings. Only email and SEO offer better ROI for the retailer/advertiser, and coupons tap into an already well established consumer behavior, as the value proposition is simple: save money.”
A number of other analysts have also recently weighed in on SALE. Analysts at Stifel Nicolaus initiated coverage on shares of RetailMeNot in a research note to investors on Tuesday. They set a “buy” rating and a GBX 38 ($0.59) price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of RetailMeNot in a research note to investors on Tuesday. They set a “sector perform” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of RetailMeNot in a research note to investors on Tuesday. They set an “equal weight” rating on the stock.
Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $39.00.
Shares of RetailMeNot (NASDAQ:SALE) traded down 0.19% during mid-day trading on Tuesday, hitting $32.22. RetailMeNot has a 52 week low of $26.12 and a 52 week high of $32.44. The stock’s 50-day moving average is currently $29.11. The company has a market cap of $1.618 billion and a P/E ratio of 65.08.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.