Cantor Fitzgerald reiterated their overweight rating on shares of VinFast Auto (NASDAQ:VFS - Free Report) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $6.00 target price on the stock. Cantor Fitzgerald also issued estimates for VinFast Auto's FY2026 earnings at ($0.79) EPS.
Several other equities analysts also recently issued reports on VFS. BTIG Research downgraded shares of VinFast Auto from a "buy" rating to a "neutral" rating in a report on Friday, April 25th. Chardan Capital reissued a "buy" rating and issued a $5.50 target price on shares of VinFast Auto in a research note on Tuesday.
Read Our Latest Analysis on VFS
VinFast Auto Stock Up 2.1%
NASDAQ:VFS traded up $0.08 during trading hours on Tuesday, hitting $3.59. 267,485 shares of the stock traded hands, compared to its average volume of 833,952. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -3.26 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 stock has a 50 day moving average price of $3.35 and a 200 day moving average price of $3.70.
VinFast Auto (NASDAQ:VFS - Get Free Report) last released its quarterly earnings results on Monday, June 9th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.10). The company had revenue of $677.89 million for the quarter, compared to the consensus estimate of $21,843.17 billion. Equities analysts forecast that VinFast Auto will post -1.06 earnings per share for the current fiscal year.
Institutional Investors Weigh In On VinFast Auto
Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of VinFast Auto in the 4th quarter valued at $26,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto in the fourth quarter valued at $46,000. Jump Financial LLC purchased a new stake in VinFast Auto in the 4th quarter valued at about $51,000. Mariner LLC lifted its stake 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, SBI Securities Co. Ltd. acquired a new stake in shares of VinFast Auto in the fourth quarter worth $153,000.
About VinFast Auto
(
Get Free Report)
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.
Featured Articles
Before you consider VinFast Auto, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VinFast Auto wasn't on the list.
While VinFast Auto currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
