VinFast Auto’s (VFS) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of VinFast Auto (NASDAQ:VFS) in a research note released on Monday, Benzinga reports. Cantor Fitzgerald currently has a $9.00 price objective on the stock.

VFS has been the topic of a number of other research reports. BTIG Research started coverage on shares of VinFast Auto in a research report on Wednesday, January 3rd. They issued a buy rating and a $10.00 target price on the stock. Wedbush restated an outperform rating and issued a $12.00 target price on shares of VinFast Auto in a research report on Friday, February 23rd. Finally, Chardan Capital restated a buy rating and issued a $13.00 target price on shares of VinFast Auto in a research report on Wednesday, April 10th.

VinFast Auto Trading Down 11.4 %

NASDAQ VFS opened at $2.72 on Monday. The firm’s 50 day simple moving average is $4.87 and its 200 day simple moving average is $6.05. VinFast Auto has a 1 year low of $2.59 and a 1 year high of $93.00.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $582.34 million. Analysts anticipate that VinFast Auto will post -0.88 earnings per share for the current year.

Hedge Funds Weigh In On VinFast Auto

Large investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in shares of VinFast Auto during the fourth quarter valued at $28,000. Saba Capital Management L.P. bought a new position in shares of VinFast Auto during the third quarter valued at $125,000. Virtu Financial LLC bought a new position in shares of VinFast Auto during the fourth quarter valued at $137,000. QCM Cayman Ltd. bought a new position in shares of VinFast Auto during the third quarter valued at $150,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of VinFast Auto during the third quarter valued at $264,000.

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.