VinFast Auto Ltd. (NASDAQ:VFS) Receives Consensus Rating of “Moderate Buy” from Brokerages

VinFast Auto Ltd. (NASDAQ:VFS) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.8333.

Separately, Chardan Capital reaffirmed a “buy” rating and set a $5.50 target price on shares of VinFast Auto in a research note on Thursday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VFS. Lazard Asset Management LLC bought a new position in VinFast Auto in the fourth quarter worth approximately $600,000. Goldman Sachs Group Inc. grew its stake in VinFast Auto by 87.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 156,601 shares of the company’s stock worth $523,000 after purchasing an additional 72,923 shares in the last quarter. Bank of America Corp DE grew its stake in VinFast Auto by 132.3% in the third quarter. Bank of America Corp DE now owns 75,194 shares of the company’s stock worth $242,000 after purchasing an additional 42,826 shares in the last quarter. Vident Advisory LLC grew its stake in VinFast Auto by 72.0% in the fourth quarter. Vident Advisory LLC now owns 86,449 shares of the company’s stock worth $289,000 after purchasing an additional 36,198 shares in the last quarter. Finally, LPL Financial LLC bought a new position in VinFast Auto in the fourth quarter worth approximately $105,000.

VinFast Auto Stock Performance

VFS opened at $4.07 on Thursday. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of -2.45 and a beta of 0.73. The stock’s 50 day moving average price is $3.63 and its 200-day moving average price is $3.45. VinFast Auto has a one year low of $2.78 and a one year high of $5.28.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Monday, March 16th. The company reported ($0.60) EPS for the quarter. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.12 billion. As a group, analysts predict that VinFast Auto will post -1.23 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.