VinFast Auto Ltd. (NASDAQ:VFS) Stock Rated “Hold” by Sell-Side Analysts

VinFast Auto Ltd. (NASDAQ:VFS) has been given an average rating of “Hold” by the five research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.75.

Several equities research analysts have recently commented on VFS shares. Chardan Capital restated a “buy” rating and issued a $5.50 target price on shares of VinFast Auto in a research note on Friday, October 16th. Weiss Ratings cut shares of VinFast Auto from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday. Cantor Fitzgerald cut their price target on shares of VinFast Auto from $5.00 to $4.00 and set an “overweight” rating for the company in a report on Tuesday, October 20th. Finally, Yorkville Ives initiated coverage on shares of VinFast Auto in a research report on Monday, October 5th. They issued an “in-line” rating and a $3.50 price target on the stock.

Institutional Trading of VinFast Auto

Several hedge funds have recently modified their holdings of VFS. SBI Securities Co. Ltd. acquired a new position in shares of VinFast Auto in the 3rd quarter worth approximately $154,000. Bank of America Corp DE grew its position in VinFast Auto by 525.3% during the 1st quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock worth $728,000 after acquiring an additional 158,855 shares during the last quarter. Lazard Asset Management LLC grew its position in VinFast Auto by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock worth $714,000 after acquiring an additional 5,744 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in VinFast Auto by 157.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock valued at $120,000 after purchasing an additional 19,000 shares in the last quarter.

VinFast Auto Stock Performance

Shares of NASDAQ VFS opened at $3.07 on Monday. The stock has a market cap of $7.19 billion, a PE ratio of -2.03 and a beta of 0.68. The business has a fifty day moving average of $3.10 and a two-hundred day moving average of $3.35. VinFast Auto has a 52-week low of $2.78 and a 52-week high of $5.28.

About VinFast Auto

VinFast Auto is a Vietnam-based automotive manufacturer focused on developing and producing electric vehicles. The company offers a range of electric sport utility vehicles and cars, including the VF 3, VF 5, VF 6, VF 7, VF 8 and VF 9, as well as electric scooters and buses. Its business also includes related battery and charging solutions designed to support electric-vehicle ownership.

Founded in 2017 as part of Vingroup, VinFast became Vietnam’s first volume automotive manufacturer and initially produced gasoline-powered vehicles before transitioning to an all-electric product lineup.