Analysts Set VinFast Auto Ltd. (NASDAQ:VFS) PT at $5.83

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.8333.

Several equities research analysts have weighed in on VFS shares. Weiss Ratings restated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Chardan Capital reiterated a “buy” rating and set a $5.50 target price on shares of VinFast Auto in a research report on Tuesday, March 17th.

VinFast Auto Stock Performance

Shares of VFS stock opened at $3.85 on Friday. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $3.92. The stock has a market capitalization of $9.01 billion, a PE ratio of -2.32 and a beta of 0.87. The stock’s fifty day moving average is $3.23 and its 200-day moving average is $3.30.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vident Advisory LLC increased its stake 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 buying an additional 36,198 shares during the period. XTX Topco Ltd acquired a new position in shares of VinFast Auto during the fourth quarter valued at $74,000. Quadrature Capital Ltd acquired a new position in shares of VinFast Auto during the fourth quarter valued at $48,000. Lazard Asset Management LLC bought a new position in VinFast Auto in the fourth quarter valued at about $600,000. Finally, Mariner LLC increased its position in VinFast Auto by 39.8% in the fourth quarter. Mariner LLC now owns 36,125 shares of the company’s stock worth $121,000 after purchasing an additional 10,279 shares during the period.

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.