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

Key Points

• Analysts rate VinFast Auto “Hold” on average: five firms cover the stock, with three buy ratings, one hold and one sell; the average 12-month price target is $4.75.
• Recent analyst views were mixed: Chardan Capital reiterated a buy with a $5.50 target, while Cantor Fitzgerald cut its target to $4.00 but maintained an overweight rating; Yorkville Ives initiated coverage at in-line with a $3.50 target.
• VFS opened at $3.06, down 1.0%, and traded within a 12-month range of $2.78 to $5.28.

Shares of VinFast Auto Ltd. (NASDAQ:VFS - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.75.

A number of analysts recently issued reports on VFS shares. Weiss Ratings raised shares of VinFast Auto from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday. Chardan Capital reaffirmed a "buy" rating and set a $5.50 price target on shares of VinFast Auto in a research report on Friday, October 16th. Cantor Fitzgerald decreased their price objective on shares of VinFast Auto from $5.00 to $4.00 and set an "overweight" rating for the company in a research note on Tuesday, October 20th. Finally, Yorkville Ives began coverage on shares of VinFast Auto in a research note on Monday, October 5th. They issued an "in-line" rating and a $3.50 target price on the stock.

VinFast Auto Trading Down 1.0%

VFS stock opened at $3.06 on Friday. The company has a market cap of $7.17 billion, a PE ratio of -2.03 and a beta of 0.69. The stock has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.33. VinFast Auto has a 12-month low of $2.78 and a 12-month high of $5.28.

Institutional Trading of VinFast Auto

Several large investors have recently added to or reduced their stakes in the stock. StoneX Group Inc. acquired a new stake in shares of VinFast Auto in the third quarter valued at about $62,000. Renaissance Technologies LLC boosted its holdings in VinFast Auto by 157.0% in the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company's stock worth $120,000 after acquiring an additional 19,000 shares during the period. SBI Securities Co. Ltd. acquired a new stake in VinFast Auto in the third quarter valued at approximately $154,000. Lazard Asset Management LLC grew its position in VinFast Auto by 3.2% in the first quarter. Lazard Asset Management LLC now owns 185,329 shares of the company's stock valued at $714,000 after acquiring an additional 5,744 shares in the last quarter. Finally, Bank of America Corp DE grew its position in VinFast Auto by 525.3% in the first quarter. Bank of America Corp DE now owns 189,098 shares of the company's stock valued at $728,000 after acquiring an additional 158,855 shares in the last quarter.

About VinFast Auto

VinFast Auto Ltd. is a Vietnam-based manufacturer of electric vehicles and related mobility products. The company's lineup includes electric cars, scooters and buses, and it develops services and infrastructure to support electric-vehicle ownership. Founded in 2017 as part of Vietnamese conglomerate Vingroup, VinFast began producing vehicles in Vietnam and has expanded its sales efforts internationally. Its markets include Vietnam and selected countries in North America, Europe and Asia. VinFast is focused on building its electric-vehicle business, including expanding its product range and distribution network.

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