VinFast Auto (NASDAQ:VFS) PT Lowered to $5.00 at BTIG Research

VinFast Auto (NASDAQ:VFS) had its price objective lowered by BTIG Research from $8.00 to $5.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated an overweight rating and set a $9.00 price objective on shares of VinFast Auto in a research note on Monday. Wedbush reiterated an outperform rating and issued a $12.00 price target on shares of VinFast Auto in a research note on Friday, February 23rd. Finally, Chardan Capital restated a buy rating and set a $13.00 price objective on shares of VinFast Auto in a research note on Wednesday, April 10th.

VinFast Auto Trading Down 0.4 %

Shares of VFS stock opened at $2.71 on Thursday. The firm’s fifty day moving average price is $4.81 and its two-hundred day moving average price is $6.03. VinFast Auto has a 1 year low of $2.56 and a 1 year high of $93.00.

VinFast Auto (NASDAQ:VFS) last released its earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $436.51 million during the quarter, compared to analyst estimates of $582.34 million. On average, equities research analysts predict that VinFast Auto will post -0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QCM Cayman Ltd. acquired a new stake in shares of VinFast Auto during the 3rd quarter worth about $150,000. Saba Capital Management L.P. bought a new position in VinFast Auto in the 3rd quarter valued at about $125,000. Tudor Investment Corp Et Al acquired a new stake in VinFast Auto during the third quarter worth approximately $264,000. SG Americas Securities LLC bought a new stake in shares of VinFast Auto during the fourth quarter worth approximately $329,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of VinFast Auto in the fourth quarter valued at approximately $28,000.

About VinFast Auto

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.