Brokerages Set VinFast Auto Ltd. (NASDAQ:VFS) Target Price at $5.83

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

Several equities analysts have recently issued reports on VFS shares. Wedbush reaffirmed an “outperform” rating and set a $6.00 price target on shares of VinFast Auto in a research note on Monday, November 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Finally, Chardan Capital restated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a report on Wednesday, January 7th.

VinFast Auto Stock Performance

VinFast Auto stock opened at $3.48 on Tuesday. VinFast Auto has a 52 week low of $2.56 and a 52 week high of $4.19. The firm has a market cap of $8.14 billion, a P/E ratio of -2.18 and a beta of 0.87. The business’s fifty day moving average is $3.39 and its two-hundred day moving average is $3.39.

VinFast Auto (NASDAQ:VFS) last issued its quarterly earnings results on Friday, November 21st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). The company had revenue of $718.63 million for the quarter, compared to analyst estimates of $21,712.78 billion. On average, equities research analysts predict that VinFast Auto will post -1.06 earnings per share for the current year.

Institutional Investors Weigh In On VinFast Auto

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFS. PharVision Advisers LLC acquired a new position in VinFast Auto in the third quarter valued at about $43,000. State of Wyoming bought a new stake in shares of VinFast Auto in the 2nd quarter valued at about $63,000. Brooklyn Investment Group acquired a new stake in shares of VinFast Auto in the 3rd quarter valued at approximately $61,000. Blue Trust Inc. bought a new position in VinFast Auto during the 3rd quarter worth approximately $93,000. Finally, SBI Securities Co. Ltd. grew its holdings in VinFast Auto by 28.6% during the second quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock valued at $182,000 after purchasing an additional 11,354 shares during the period.

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.