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

VinFast Auto Ltd. (NASDAQ:VFS) has received a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $5.8333.

VFS has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of VinFast Auto in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of VinFast Auto in a research note on Monday, December 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 target price on shares of VinFast Auto in a research note on Friday, September 5th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $5.50 target price on shares of VinFast Auto in a research report on Friday, September 5th.

VinFast Auto Trading Down 1.2%

VFS opened at $3.37 on Friday. The firm has a market capitalization of $7.88 billion, a PE ratio of -2.11 and a beta of 0.88. The firm’s 50-day moving average price is $3.33 and its 200 day moving average price is $3.40. VinFast Auto has a twelve month low of $2.56 and a twelve month high of $4.65.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings results on Friday, November 21st. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The company had revenue of $718.63 million during the quarter, compared to analysts’ expectations of $21,712.78 billion. As a group, analysts predict that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently made changes to their positions in VFS. PharVision Advisers LLC acquired a new stake in shares of VinFast Auto in the 3rd quarter worth $43,000. State of Wyoming purchased a new stake in shares of VinFast Auto in the second quarter valued at about $63,000. Brooklyn Investment Group acquired a new stake in VinFast Auto during the 3rd quarter valued at $61,000. Blue Trust Inc. purchased a new position in shares of VinFast Auto during the third quarter valued at approximately $93,000. Finally, SBI Securities Co. Ltd. grew its stake in VinFast Auto by 28.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock worth $182,000 after acquiring an additional 11,354 shares during the period.

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.