VinFast Auto Ltd. (NASDAQ:VFS) Given Consensus Rating of “Hold” by Brokerages

VinFast Auto Ltd. (NASDAQ:VFS) has earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.8333.

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

Institutional Investors Weigh In On VinFast Auto

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PharVision Advisers LLC acquired a new stake in shares of VinFast Auto during the third quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in VinFast Auto during the 3rd quarter worth approximately $61,000. State of Wyoming acquired a new position in shares of VinFast Auto in the second quarter worth $63,000. Blue Trust Inc. purchased a new stake in shares of VinFast Auto during the third quarter worth $93,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of VinFast Auto by 28.6% in the second 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 in the last quarter.

VinFast Auto Price Performance

Shares of NASDAQ:VFS opened at $3.43 on Tuesday. The firm has a market capitalization of $8.02 billion, a P/E ratio of -2.14 and a beta of 0.87. The business’s 50-day moving average is $3.39 and its 200 day moving average is $3.38. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $4.18.

VinFast Auto (NASDAQ:VFS) last posted its quarterly 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 the consensus estimate of $21,712.78 billion. On average, analysts expect that VinFast Auto will post -1.06 EPS 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.