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

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have been given a consensus recommendation of “Hold” by the five ratings firms that are covering the firm, 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 12 month price objective among brokerages that have issued a report on the stock in the last year is $5.8333.

A number of research firms have recently weighed in on VFS. Wedbush reiterated an “outperform” rating and set a $6.00 price target on shares of VinFast Auto in a report on Monday, November 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of VinFast Auto in a research report on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday. Finally, Chardan Capital reissued a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research note on Friday, September 5th.

VinFast Auto Price Performance

Shares of NASDAQ VFS opened at $3.47 on Friday. The company has a market capitalization of $8.12 billion, a P/E ratio of -2.17 and a beta of 0.88. The company has a 50 day simple moving average of $3.35 and a 200-day simple moving average of $3.40. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $4.65.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings data on Friday, November 21st. The company reported ($0.41) earnings per share 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 the consensus estimate of $21,712.78 billion. As a group, research analysts expect that VinFast Auto will post -1.06 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VFS. PharVision Advisers LLC purchased a new position in shares of VinFast Auto during the third quarter worth $43,000. Bank of America Corp DE lifted its stake 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 acquiring an additional 42,826 shares in the last quarter. Brooklyn Investment Group purchased a new position in VinFast Auto during the 3rd quarter valued at about $61,000. Blue Trust Inc. purchased a new position in VinFast Auto during the 3rd quarter valued at about $93,000. Finally, State of Wyoming acquired a new position in VinFast Auto in the 2nd quarter valued at about $63,000.

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.