VinFast Auto Ltd. (NASDAQ:VFS) Receives Average Rating of “Hold” from Brokerages

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.8333.

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Chardan Capital reissued a “buy” rating and set a $5.50 price target on shares of VinFast Auto in a report on Wednesday, January 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of VinFast Auto in a report on Monday, November 24th.

Hedge Funds Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in VinFast Auto by 28.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after acquiring an additional 11,354 shares during the period. State of Wyoming acquired a new position in shares of VinFast Auto during the second quarter valued at $63,000. Blue Trust Inc. bought a new stake in shares of VinFast Auto during the third quarter valued at about $93,000. Brooklyn Investment Group acquired a new stake in VinFast Auto in the third quarter worth about $61,000. Finally, Bank of America Corp DE grew its position in VinFast Auto by 132.3% in the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock valued at $242,000 after buying an additional 42,826 shares in the last quarter.

VinFast Auto Stock Performance

NASDAQ VFS opened at $3.43 on Tuesday. VinFast Auto has a one year low of $2.56 and a one year high of $4.18. The company has a 50-day simple moving average of $3.39 and a 200-day simple moving average of $3.39. The firm has a market capitalization of $8.02 billion, a PE ratio of -2.14 and a beta of 0.87.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Friday, November 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). The business had revenue of $718.63 million for the quarter, compared to analysts’ expectations of $21,712.78 billion. Equities analysts forecast that VinFast Auto will post -1.06 earnings per share for the current year.

VinFast Auto Company Profile

VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.

The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.