There are some ASX stocks that a number of brokers like and have classified as « buys ».
Finding good companies that trade for a good price can be quite difficult. One investor could say that BHP Group Ltd (ASX: BHP) is a good buy while another could say that Woolworths Group Ltd (ASX: WOW) is the stock to buy.
Brokers are constantly looking at companies and stock prices, wondering what a good investment would be. There are different brokers like Bell Potter, Macquarie Group Ltd (ASX: MQG), and UBS that make different recommendations about stocks.
With that in mind, these ASX stocks are liked by more than one broker. Of course, this is still not a guarantee of success – they could all be guarding together.
Bapcor Ltd (ASX: BAP)
Bapcor is the largest auto parts business in Australia and New Zealand. The company operates a number of different brands including Burson, Autobarn, Precision Automotive Equipment, Truck and Trailer Parts, Truckline, Midas and ABS. It was rated through a purchase from at least six brokers.
The company has seen great growth despite, or possibly due to, the impact of COVID-19.
In the five months to the end of November 2020, sales increased by 26%. Net Income After Tax (NPAT) achieved operational leverage due to lower spending in areas such as travel and other discretionary areas as well as lower interest rates and Truckline’s contribution that was not in the previous corresponding period.
For the first half of fiscal year 21, Bapcor has issued a forecast that sales will increase 25% and net income after tax (NPAT) will increase over 50% due to operational leverage.
According to Commsec, the price of the Bapcor share is valued at the estimated profit of 19 times FY23.
Brickworks Limited (ASX: BKW)
The construction products company is another ASX stock that brokers love. It makes a wide variety of products such as brick, paving, masonry, precast, and roofing. It’s liked by at least four analysts.
Brickworks has three (or four) different departments. It owns large numbers of shares in Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). ASX stock has a joint venture with Goodman Group (ASX: GMG) that has grown steadily over the past decade. This trust is currently building warehouses for Amazon and Coles Group Ltd (ASX: COL), which is expected to bring gross assets to over $ 3 billion.
ASX shares are rebounding in the Australian construction products market, boosted by government incentives.
In the American market where Brickworks is present, the ongoing COVID-19 pandemic and the associated effects are still having a hard time.
According to Commsec, the price of Brickworks shares is valued at the estimated profit of 17 times FY21.
City Chic Collective Ltd (ASX: CCX)
It sells oversized clothes, shoes, and accessories to women. It has a number of brands including City Chic, Avenue, CCX, Hips & amp; Curves and fox & amp; Royal. City Chic has around 100 stores in Australia and New Zealand. It has websites for local and US customers, market and wholesale partnerships with major US retailers like Macy’s and Nordstrom, and a wholesale business with European and UK partners like ASOS and Zalando.
City Chic is rated as a buy by at least three brokers.
One of the major changes for brokers in recent times has been the acquisition of Evans by ASX stock. City Chic acquired Evans for $ 41 million from Arcadia Group, which has gone under management. Evans is a UK based plus size womenswear retailer with a longstanding customer base and significant market position.
Just looking at Evans’ online sales alone, the site had sales of £ 23 million. The wholesale business also had sales of £ 3 million. The entire Evans group of companies, including its stores and franchise, had annual sales of £ 60 million prior to COVID-19.
According to Commsec, City Chic’s share price is valued at 25 times estimated earnings for fiscal 23rd.
Where you can invest $ 1,000 now
If investment expert Scott Phillips has a stock market tip, it can be worth listening. After all, the flagship newsletter Motley Fool Share Advisor, which it has operated for more than eight years, has offered thousands of paying members stock choices that have doubled, tripled, or even more. *
Scott just revealed what he thinks are the top five ASX stocks investors can buy right now. These stocks trade at dirt cheap prices, and Scott thinks they are great buys right now.
Tristan Harrison, a contributor to the Motley Fool, owns shares in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended shares in Brickworks, Macquarie Group Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares in COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorized by Bruce Jackson.
What are the best stocks in Australia right now?
Top 10 growth stocks on the ASX right now
- Redbubble (RBL)
- Temple & amp; Webster (TPW)
- Zipper (Z1P)
- Post payment (APT)
- Pointsbet (PBH)
- Xero (XRO)
- Kogan (KGN)
- NEXTDC Ltd (NXT)
Which stock is best to buy now?
|Company name||CREATE DATE / TIME||LTP Chg|
|UPL||January 16, 2020 12:47 p.m.||460.30|
|Sun Pharma.Inds.||January 16, 2020 12:47 p.m.||575.00|
|Kotak Mah. Bank||January 16, 2020 12:47 p.m.||1949.35|
Is it worth buying 10 shares of a share?
To answer your question briefly: NO! It doesn’t matter whether you buy 10 shares for $ 100 or 40 shares for $ 25. Many brokers only allow you to own full stocks, so if your budget is $ 1000 but the stock is $ 1100 because you cannot buy it, you will run into problems.
Where should I invest $ 1000 now?
10 Ways To Invest $ 1,000 And Grow Your Portfolio
- Try day trading. Playing on the stock market is not for everyone. …
- Invest in retirement. It’s never too early to prepare for retirement. …
- Lend to others. …
- Hide it in a high yield savings. …
- Put it in a robo-advisor. …
- Buy a single share. …
- Invest in real estate. …
- Open a CD.
Which Stock Broker is the Best in Australia?
Best Online Broker Australia
- CMC Markets – Best Overall.
- IG Group – Best trading platform.
- CommSec – Best Bank for Stock Trading.
- Interactive Brokers – Best for Professionals.
- Westpac – Best Research.
Is commsec good for beginners?
Yes, Commsec is a very good place to start. The trading platform is good for beginners.
Is day trading legal in Australia?
Yes, day trading is legal in Australia. Although it is still important to make sure that you are trading with a trusted and regulated provider. For example, IG is licensed and regulated by the Australian Securities and Investments Commission (ASIC).
Is it worth buying 100 shares of a share?
That means that on smaller transactions, those fees are a higher percentage of what you pay for the stock itself. Buying fewer than 100 stocks can still be worthwhile, especially with today’s low fees, if you think you will make enough money on the investment to cover the fees at the time of buying and selling.
How can I invest $ 100 in stocks?
Our 6 Best Ways to Invest $ 100
- Start an emergency fund.
- Use a microinvestment app or a robo-advisor.
- Invest in a stock index mutual fund or an exchange traded fund.
- Use fractional stocks to buy stocks.
- Open an IRA.
- Put it in your 401 (k).
Can One Stock Make You Rich?
Picking a stock that makes you rich is a little unrealistic. This is why investing in index funds is so popular. When you invest in an index fund, you are broadly diversified. If you invest in many different companies in one fund, your investment in each fund will automatically be smaller.
Can I buy 1 share of Tesla?
Even if Tesla’s stock price surges above $ 550, you can own a piece of the company for as little as $ 1. All you need is a brokerage account that supports partial investments. TSLA data from YCharts.
What is the average return on the ASX?
Since 1900, the Australian stock market has returned an average of 13.21% per year. The historical returns are based on the All Ordinaries Accumulation Index (XAOA), which includes dividends.
What should I invest in with 20,000?
How to invest 20,000
- Buy stocks or ETFs. Buying stocks online is very easy. …
- Invest in Bitcoin (and Other Cryptocurrencies) Cryptocurrency is a great way to invest your money, especially when you have 20,000. …
- Starting a business (online or offline) …
- Put your money in the bank. …
- Start an emergency fund as soon as possible. …
- Get rid of debt. …
- Contribute to your super fund.
What is the safest investment in Australia?
10 top investments for young Australians
- Savings accounts. As one of the easiest investment options available, a savings account differs from a typical bank account in that it allows you to earn interest on the money deposited. …
- Time deposits. …
- Superannuation. …
- Shares. …
- Managed / index funds. …
- ETFs. …
- Cryptocurrencies. …
What’s the best way to invest $ 5000?
5 best ways to invest $ 5,000
- Invest in your 401 (k) and get the dollars to match. If you have a 401 (k), your company offers to match your posts, and you don’t take that offer, making that decision is a snap: go after that match. …
- Use a robo-advisor. …
- Open or contribute to an IRA. …
- Buy commission-free ETFs. …
- Trade stocks.