VinFast Auto Ltd. (NASDAQ:VFS) Receives Consensus Recommendation of “Hold” from Analysts

VinFast Auto Ltd. (NASDAQ:VFS) has been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on 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.

A number of brokerages have weighed in on VFS. Chardan Capital reaffirmed a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Tuesday, March 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th.

VinFast Auto Price Performance

Shares of VinFast Auto stock opened at $3.39 on Friday. The company has a market capitalization of $7.93 billion, a P/E ratio of -2.04 and a beta of 0.87. The business has a 50-day moving average of $3.22 and a two-hundred day moving average of $3.29. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $3.82.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.60) earnings per share for the quarter. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.12 billion. On average, equities analysts anticipate that VinFast Auto will post -1.06 EPS for the current fiscal year.

Institutional Trading of VinFast Auto

A number of institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in VinFast Auto during the fourth quarter worth $600,000. Goldman Sachs Group Inc. lifted its position in VinFast Auto by 87.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock worth $523,000 after buying an additional 72,923 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 worth $294,000 after buying an additional 18,364 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of VinFast Auto by 72.0% in the 4th quarter. Vident Advisory LLC now owns 86,449 shares of the company’s stock valued at $289,000 after acquiring an additional 36,198 shares in the last quarter. Finally, Bank of America Corp DE increased its position 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 acquiring an additional 42,826 shares during 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.