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

VinFast Auto Ltd. (NASDAQ:VFS) has earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $5.8333.

VFS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of VinFast Auto in a research report on Monday, December 29th. Chardan Capital reaffirmed a “buy” rating and set a $5.50 price objective on shares of VinFast Auto in a report on Tuesday, March 17th.

Institutional Trading of VinFast Auto

Several institutional investors have recently bought and sold shares of the stock. Mariner LLC lifted its holdings in shares of VinFast Auto by 39.8% during the fourth quarter. Mariner LLC now owns 36,125 shares of the company’s stock valued at $121,000 after acquiring an additional 10,279 shares during the period. State Street Corp boosted its stake in shares of VinFast Auto by 38.0% in the 4th quarter. State Street Corp now owns 32,107 shares of the company’s stock valued at $107,000 after purchasing an additional 8,844 shares in the last quarter. LPL Financial LLC bought a new stake in shares of VinFast Auto in the 4th quarter worth about $105,000. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the 4th quarter worth about $74,000. Finally, HRT Financial LP acquired a new stake in shares of VinFast Auto during the 4th quarter worth about $66,000.

VinFast Auto Price Performance

Shares of VinFast Auto stock opened at $4.54 on Friday. VinFast Auto has a 52-week low of $2.56 and a 52-week high of $4.60. The firm has a market capitalization of $10.62 billion, a PE ratio of -2.73 and a beta of 0.73. The company’s fifty day moving average price is $3.27 and its two-hundred day moving average price is $3.31.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.12 billion. Analysts predict that VinFast Auto will post -1.06 earnings per share 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.