VinFast Auto’s (VFS) Buy Rating Reaffirmed at Chardan Capital

Chardan Capital reiterated their buy rating on shares of VinFast Auto (NASDAQ:VFS) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $5.50 price target on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and set a $6.00 price target on shares of VinFast Auto in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.83.

VinFast Auto Price Performance

Shares of NASDAQ VFS opened at $3.34 on Tuesday. The company has a 50-day simple moving average of $3.38 and a 200-day simple moving average of $3.36. The company has a market cap of $7.81 billion, a PE ratio of -2.09 and a beta of 0.87. VinFast Auto has a 12 month low of $2.56 and a 12 month high of $3.88.

VinFast Auto (NASDAQ:VFS) last announced its 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 company had revenue of $718.63 million for the quarter, compared to analysts’ expectations of $21,712.78 billion. On average, analysts anticipate that VinFast Auto will post -1.06 EPS for the current year.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of VinFast Auto by 87.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock valued at $523,000 after acquiring an additional 72,923 shares during the period. Bank of America Corp DE boosted its position in VinFast Auto by 132.3% during the 3rd quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after purchasing an additional 42,826 shares during the period. Blue Trust Inc. acquired a new stake in VinFast Auto in the 3rd quarter valued at $93,000. Brooklyn Investment Group purchased a new position in VinFast Auto in the third quarter valued at about $61,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of VinFast Auto by 26.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company’s stock worth $294,000 after purchasing an additional 18,364 shares in the last quarter.

About VinFast Auto

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.