KeyCorp Has Lowered Expectations for Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) Stock Price

Market Vectors Indian Rupee/USD ETN (NYSEARCA:INR) had its price objective lowered by KeyCorp from $22.00 to $19.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 41.26% from the stock’s current price.

A number of other equities analysts have also weighed in on the stock. Citigroup decreased their price objective on shares of Market Vectors Indian Rupee/USD ETN from $21.00 to $18.00 and set a “buy” rating for the company in a report on Monday, September 29th. Raymond James Financial restated a “strong-buy” rating and issued a $23.00 price target (down previously from $29.00) on shares of Market Vectors Indian Rupee/USD ETN in a research note on Monday, September 15th. Finally, Roth Capital initiated coverage on Market Vectors Indian Rupee/USD ETN in a report on Tuesday, October 14th. They set a “buy” rating and a $17.00 price target on the stock.

Market Vectors Indian Rupee/USD ETN Stock Performance

Shares of Market Vectors Indian Rupee/USD ETN stock opened at $13.45 on Wednesday. The company has a 50-day simple moving average of $12.82 and a two-hundred day simple moving average of $14.94. The stock has a market capitalization of $818.78 million and a PE ratio of -12.34. Market Vectors Indian Rupee/USD ETN has a 52-week low of $11.13 and a 52-week high of $23.00.

Insiders Place Their Bets

In other news, insider Zack David Arnold bought 5,500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of $13.88 per share, with a total value of $76,340.00. Following the acquisition, the insider owned 5,500 shares of the company’s stock, valued at approximately $76,340. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven D. Gray acquired 20,252 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was acquired at an average cost of $13.75 per share, with a total value of $278,465.00. Following the purchase, the director owned 33,154 shares of the company’s stock, valued at approximately $455,867.50. This trade represents a 156.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 55,500 shares of company stock worth $765,958.

Market Vectors Indian Rupee/USD ETN Company Profile

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, Aer Lingus, and LEVEL brands.