VinFast Auto's (VFS) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a report issued on Tuesday,Benzinga reports. The firm currently has a $6.00 target price on the stock. Cantor Fitzgerald also issued estimates for VinFast Auto's FY2025 earnings at ($1.18) EPS, FY2026 earnings at ($0.82) EPS and FY2026 earnings at ($0.79) EPS.

Several other equities analysts have also recently issued reports on VFS. Chardan Capital restated a "buy" rating and issued a $5.50 price target on shares of VinFast Auto in a research report on Tuesday. BTIG Research cut shares of VinFast Auto from a "buy" rating to a "neutral" rating in a research note on Friday, April 25th.

VinFast Auto Stock Down 0.6%

VFS stock traded down $0.02 during trading on Tuesday, hitting $3.52. The company had a trading volume of 219,977 shares, compared to its average volume of 824,410. The firm has a market cap of $8.23 billion, a PE ratio of -3.20 and a beta of 0.89. VinFast Auto has a 1-year low of $2.56 and a 1-year high of $5.38. The firm has a 50-day moving average price of $3.39 and a 200-day moving average price of $3.69.

VinFast Auto (NASDAQ:VFS - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The company had revenue of $677.89 million during the quarter, compared to analysts' expectations of $21,843.17 billion. Sell-side analysts anticipate that VinFast Auto will post -1.06 earnings per share for the current year.

Institutional Trading of VinFast Auto

Several hedge funds have recently made changes to their positions in the company. Tidal Investments LLC lifted its stake in shares of VinFast Auto by 10.9% in the 4th quarter. Tidal Investments LLC now owns 191,130 shares of the company's stock worth $770,000 after acquiring an additional 18,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of VinFast Auto in the 4th quarter valued at about $600,000. SBI Securities Co. Ltd. purchased a new position in shares of VinFast Auto in the 4th quarter valued at about $153,000. Mariner LLC increased its holdings in shares of VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company's stock valued at $99,000 after purchasing an additional 11,277 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of VinFast Auto in the 4th quarter valued at about $51,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.