VinFast Auto Ltd. (NASDAQ:VFS) Receives $5.83 Consensus Target Price from Analysts

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

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

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 purchasing an additional 18,364 shares in the last quarter. Bank of America Corp DE increased its position in shares of VinFast Auto by 132.3% during the third 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. SBI Securities Co. Ltd. raised its holdings in shares of VinFast Auto by 28.6% during the second quarter. SBI Securities Co. Ltd. now owns 51,107 shares of the company’s stock worth $182,000 after acquiring an additional 11,354 shares during the period. Blue Trust Inc. raised its holdings in shares of VinFast Auto by 40.7% during the fourth quarter. Blue Trust Inc. now owns 40,473 shares of the company’s stock worth $135,000 after acquiring an additional 11,705 shares during the period. Finally, Brooklyn Investment Group bought a new stake in VinFast Auto in the 3rd quarter valued at $61,000.

VinFast Auto Stock Up 0.9%

Shares of VinFast Auto stock opened at $3.36 on Friday. VinFast Auto has a 12 month low of $2.56 and a 12 month high of $3.88. The business has a fifty day simple moving average of $3.38 and a 200 day simple moving average of $3.36. The stock has a market cap of $7.86 billion, a PE ratio of -2.10 and a beta of 0.87.

VinFast Auto (NASDAQ:VFS) last posted its 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 firm had revenue of $718.63 million during the quarter, compared to the consensus estimate of $21,712.78 billion. Analysts expect that VinFast Auto will post -1.06 EPS for the current fiscal year.

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.