Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Receives Average Rating of "N/A" from Analysts

As of February 28, 2025, the Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) has garnered an average recommendation of "N/A" from the zero brokerage firms currently covering the investment, according to MarketBeat.com. This indicates that there are no established ratings for the ETN at this time.

Several equity analysts have recently expressed their perspectives on INR shares. For instance, Raymond James initiated their coverage with a "strong-buy" rating and set a price target of $30.00. Similarly, the Royal Bank of Canada also began their coverage with an "outperform" rating and a price objective of $30.00. On another note, Capital One Financial started their coverage with an "overweight" rating, while Citigroup entered the scene with a "buy" rating and set a price target of $27.00. KeyCorp also initiated coverage, providing an "overweight" rating and a target price of $26.00 for the ETN.

Insider Activity

In terms of insider trading, Director Steven D. Gray acquired 15,000 shares of the company on February 3, 2025. This purchase was made at an average price of $20.00 per share, resulting in a total transaction value of $300,000. Following this acquisition, Gray now holds 15,000 shares, reflecting a notable increase in ownership. Details of this transaction were documented in filings made with the SEC.

Market Performance

On Tuesday, shares of INR opened at $18.14. Over the previous 50 days, the stock has shown a moving average price of $31.58, with a 200-day moving average sitting at $36.41. The Market Vectors Indian Rupee/USD ETN has reached a 1-year low of $17.82 and a high of $23.00 during this timeframe.

Company Overview

The Market Vectors Indian Rupee/USD ETN is designed to provide exposure to the Indian Rupee compared to the U.S. Dollar, allowing investors to speculate on currency fluctuations. This kind of investment vehicle can serve various purposes, including hedging against currency risk.

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