VinFast Auto (NASDAQ:VFS) Upgraded at Wall Street Zen

VinFast Auto (NASDAQ:VFS) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Chardan Capital reiterated a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.83.

VinFast Auto Price Performance

VFS stock opened at $3.21 on Friday. The company’s 50 day simple moving average is $3.95 and its 200-day simple moving average is $3.53. The firm has a market capitalization of $7.52 billion, a PE ratio of -1.93 and a beta of 0.66. VinFast Auto has a 12 month low of $2.78 and a 12 month high of $5.28.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings results on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.12 billion. As a group, sell-side analysts anticipate that VinFast Auto will post -1.23 earnings per share for the current year.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of VinFast Auto by 525.3% during the first quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock valued at $728,000 after buying an additional 158,855 shares during the period. Lazard Asset Management LLC lifted its stake in shares of VinFast Auto by 3.2% during the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock valued at $714,000 after buying an additional 5,744 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of VinFast Auto by 87.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock valued at $523,000 after buying an additional 72,923 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of 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 valued at $294,000 after buying an additional 18,364 shares during the period. Finally, Vident Advisory LLC lifted its stake 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 valued at $289,000 after buying an additional 36,198 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.