VinFast Auto Ltd. (NASDAQ:VFS) Receives $5.83 Average Target Price from Brokerages

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

Several research analysts have issued reports on VFS shares. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of VinFast Auto in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of VinFast Auto in a report on Friday, September 5th. Chardan Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Wednesday, October 8th.

VinFast Auto Stock Up 1.3%

NASDAQ VFS opened at $3.23 on Monday. The stock has a market capitalization of $7.56 billion, a P/E ratio of -2.02 and a beta of 0.88. VinFast Auto has a 52-week low of $2.56 and a 52-week high of $5.38. The firm has a 50-day moving average price of $3.30 and a 200 day moving average price of $3.42.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Friday, November 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The business had revenue of $718.63 million during the quarter, compared to the consensus estimate of $21,712.78 billion. On average, equities research analysts expect that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

Several hedge funds have recently bought and sold shares of the company. PharVision Advisers LLC purchased a new stake in shares of VinFast Auto in the third quarter valued at $43,000. Bank of America Corp DE raised its stake 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 purchasing an additional 42,826 shares during the last quarter. Brooklyn Investment Group purchased a new position in VinFast Auto in the 3rd quarter valued at about $61,000. Blue Trust Inc. acquired a new stake in shares of VinFast Auto during the 3rd quarter worth about $93,000. Finally, State of Wyoming acquired a new stake in shares of VinFast Auto during the 2nd quarter worth about $63,000.

About VinFast Auto

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.