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

VinFast Auto Ltd. (NASDAQ:VFS) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.8333.

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

VinFast Auto Stock Performance

Shares of VinFast Auto stock opened at $3.33 on Friday. The firm has a fifty day moving average of $3.38 and a two-hundred day moving average of $3.37. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -2.08 and a beta of 0.87. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $3.94.

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

Institutional Investors Weigh In On VinFast Auto

Several large investors have recently modified their holdings of VFS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of VinFast Auto by 26.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company’s stock valued at $294,000 after purchasing an additional 18,364 shares in the last quarter. Blue Trust Inc. raised its holdings in VinFast Auto by 40.7% during the 4th quarter. Blue Trust Inc. now owns 40,473 shares of the company’s stock worth $135,000 after buying an additional 11,705 shares during the period. PharVision Advisers LLC bought a new position in VinFast Auto in the third quarter valued at approximately $43,000. Bank of America Corp DE boosted its holdings in shares of VinFast Auto by 132.3% in the third 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 during the period. Finally, Brooklyn Investment Group bought a new stake in shares of VinFast Auto during the third quarter worth $61,000.

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.