VinFast Auto’s (VFS) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $6.00 target price on the stock. Cantor Fitzgerald also issued estimates for VinFast Auto’s FY2025 earnings at ($1.18) EPS, FY2026 earnings at ($0.82) EPS and FY2026 earnings at ($0.79) EPS.

Other equities research analysts have also recently issued reports about the company. BTIG Research cut VinFast Auto from a “buy” rating to a “neutral” rating in a research report on Friday, April 25th. Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Tuesday.

VinFast Auto Stock Down 0.6%

Shares of VFS opened at $3.54 on Tuesday. The business’s 50-day moving average price is $3.38 and its 200-day moving average price is $3.70. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $5.38. The stock has a market cap of $8.28 billion, a PE ratio of -3.22 and a beta of 0.89.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $677.89 million during the quarter, compared to analysts’ expectations of $21,843.17 billion. Analysts expect that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in VinFast Auto in the fourth quarter worth approximately $600,000. SBI Securities Co. Ltd. purchased a new stake in VinFast Auto in the fourth quarter worth approximately $153,000. Tidal Investments LLC boosted its stake in VinFast Auto by 10.9% in the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock worth $770,000 after buying an additional 18,709 shares in the last quarter. Jump Financial LLC purchased a new stake in VinFast Auto in the fourth quarter worth approximately $51,000. Finally, Walleye Trading LLC purchased a new stake in VinFast Auto in the fourth quarter worth approximately $46,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.