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

Shares of VinFast Auto Ltd. (NASDAQ:VFS) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.8333.

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

VinFast Auto Stock Up 5.3%

Shares of VinFast Auto stock opened at $3.39 on Friday. The stock has a market cap of $7.93 billion, a P/E ratio of -2.04 and a beta of 0.87. VinFast Auto has a 12-month low of $2.56 and a 12-month high of $3.82. The business’s 50 day moving average is $3.22 and its 200-day moving average is $3.29.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Monday, March 16th. The company reported ($0.60) earnings per share for the quarter. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, sell-side analysts expect that VinFast Auto will post -1.06 EPS for the current year.

Hedge Funds Weigh In On VinFast Auto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VFS. Lazard Asset Management LLC bought a new position in shares of VinFast Auto in the fourth quarter valued at about $600,000. Goldman Sachs Group Inc. raised its holdings in VinFast Auto by 87.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock valued at $523,000 after acquiring an additional 72,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in VinFast Auto by 26.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 86,949 shares of the company’s stock worth $294,000 after acquiring an additional 18,364 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of VinFast Auto by 72.0% during the fourth quarter. Vident Advisory LLC now owns 86,449 shares of the company’s stock worth $289,000 after acquiring an additional 36,198 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 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.