Cantor Fitzgerald reissued their overweight rating on shares of VinFast Auto (NASDAQ:VFS – Free Report) in a research report report published on Monday, Benzinga reports. The firm currently has a $8.00 price target on the stock.
VFS has been the topic of a number of other reports. Chardan Capital reaffirmed a buy rating and issued a $13.00 target price on shares of VinFast Auto in a research note on Monday, May 13th. BTIG Research lowered their target price on shares of VinFast Auto from $8.00 to $5.00 and set a buy rating on the stock in a research note on Thursday, April 18th.
View Our Latest Research Report on VFS
VinFast Auto Stock Performance
VinFast Auto (NASDAQ:VFS – Get Free Report) last issued its earnings results on Wednesday, April 17th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $302.65 million for the quarter, compared to analysts’ expectations of $562.27 million. As a group, analysts anticipate that VinFast Auto will post -0.94 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in VinFast Auto by 18.7% during the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after buying an additional 24,235 shares during the period. Qsemble Capital Management LP purchased a new stake in VinFast Auto during the 1st quarter valued at $87,000. Daiwa Securities Group Inc. purchased a new stake in VinFast Auto during the 1st quarter valued at $195,000. Capstone Investment Advisors LLC purchased a new stake in VinFast Auto during the 1st quarter valued at $342,000. Finally, Wolverine Asset Management LLC purchased a new stake in VinFast Auto during the 4th quarter valued at $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.
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