Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Air New Zealand Limited (ASX: AIZ)

According to a note out of Macquarie, its analysts have retained their underperform rating and cut their price target on this airline operator’s shares to NZ$0.75 (69 Australian cents). The broker has looked at Air New Zealand’s recapitalisation package and expects significant dilution to earnings. Overall, Macquarie believes Air New Zealand’s shares are overvalued at the current level and warns that dividends are likely to be off the table until FY 2026. The Air New Zealand share price ended the week at $1.15.

Commonwealth Bank of Australia (ASX: CBA)

Another note out of Macquarie reveals that its analysts have retained their underperform rating and $90.00 price target on this banking giant’s shares. Macquarie has concerns that upcoming updates from the banks could disappoint and weigh on their shares. This is due to margin weakness caused by slowing volume growth and competitive pressures. The CBA share price was fetching $104.53 at Friday’s close.

Premier Investments Limited (ASX: PMV)

Analysts at Goldman Sachs have retained their sell rating and $24.30 price target on this retail conglomerate’s shares. Goldman has been looking over the federal budget and has picked out its winners and losers. Unfortunately, Premier Investments is more likely to be in the latter camp according to the broker. Goldman believes the apparel and accessories category will be most susceptible to downside risk from the weakening of the discretionary goods growth. The Premier Investments share price was trading at $26.88 at Friday’s close.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

More reading

• How big will the CBA dividend be in 2022?
• Why Bank of Queensland, Block, Premier Investments, and REA shares are dropping
• Why Air NZ, Block, Eagers Automotive, and Harvey Norman shares are dropping
• Top brokers name 3 ASX shares to sell today
• Why has the CBA share price outperformed its big four peers in March?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited and Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

Coles Group Ltd (ASX: COL)

According to a note out of Citi, its analysts have retained their buy rating and $19.30 price target on this supermarket operator’s shares. Citi has been looking over the recently announced federal budget and believes it will be a boost to disposable income. While this bodes well for the retail sector, its analysts expect supermarkets to be among the biggest winners. The Coles share price ended the week at $17.88.

Rio Tinto Limited (ASX: RIO)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $140.00 price target on this mining giant’s shares. While Macquarie believes Rio Tinto will have to increase its offer to successfully acquire Turquoise Hill, it remains positive. Particularly with high iron ore prices underpinning strong earnings and dividends. The Rio Tinto share price was fetching $120.34 at the end of the week.

Webjet Limited (ASX: WEB)

Analysts at Goldman Sachs have retained their buy rating and $6.90 price target on this online travel agent’s shares. Goldman believes Webjet is well-placed to benefit from the travel recovery tailwind, especially given its structurally improved profitability and the strong outlook of the Bedbanks business. Goldman expects the latter to resume the strong growth journey that it embarked on prior to the COVID pandemic. The Webjet share price was trading at $5.54 at Friday’s close.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 dividend shares brokers rate as buys
• Federal budget: Goldman Sachs names 4 ASX shares to buy
• Here’s how top brokers think the Rio Tinto share price will perform in April
• Is the Webjet share price set to take off in April?
• The ASX 200 just had its longest winning streak since 2017. What’s doing?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Macquarie Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Thanks to a strong rebound during the month of March, the S&P/ASX 200 Index (ASX: XJO) managed to record a 0.7% gain to 7,499.6 points during the first quarter.

A number of shares performed notably better during the three months, delivering very strong gains for their shareholders. Here’s why these were the best performing ASX 200 shares during the quarter:

AVZ Minerals Ltd (ASX: AVZ)

The AVZ Minerals share price was the best performer on the ASX 200 during the first quarter with a gain of 59.4%. This lithium explorer’s shares were a late inclusion into the index, joining at the quarterly rebalance in March. This index addition, positive developments at its Manono Lithium and Tin Project in the Democratic Republic of the Congo, and sky high lithium prices helped drive its shares higher over the three months.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price was just a fraction behind with a gain of 59% over the three months. Investors were scrambling to buy the coal miner’s shares after coal prices surged to record highs during the period. This was driven by a material increase in demand for coal after European countries sought alternatives to reduce their exposure to Russian natural gas.

Woodside Petroleum Limited (ASX: WPL)

The Woodside share price was on form during the quarter and recorded a 46.4% gain. Investors were bidding the energy producer’s shares higher after the Russia-Ukraine crisis sparked fears of supply constraints in an already energy tight market. Oil prices climbed beyond US$120 a barrel to their highest levels since 2008 before settling at approximately US$100 a barrel at the end of the quarter.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price wasn’t far behind with a gain of 43.6% during the three months. Once again, this was driven largely by a jump in commodity prices. The spot benchmark iron ore price surged higher during the quarter and was trading around US$150 a tonne at the end of it. In addition, the Canadian iron ore miner’s shares were given a boost from the release of its third quarter update. Champion Iron reported EBITDA of C$122.1 million, which was well ahead of Goldman Sachs’ estimate of C$87 million.

The post These were the best performing ASX 200 shares during the first quarter appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares during the first quarter
• These were the worst performers on the ASX 200 last week
• These were the best performers on the ASX 200 last week
• What boosted the Whitehaven Coal (ASX:WHC) share price on Friday?
• 5 ASX mining shares rocking all-time highs on Friday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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A strong rebound during the month of March helped the S&P/ASX 200 Index (ASX: XJO) recover and record a 0.7% gain to 7,499.6 points during the first quarter.

Unfortunately, not all shares were able to climb with the market. Here’s why these were the worst performing ASX 200 shares during the quarter:

Zip Co Ltd (ASX: Z1P)

The Zip share price was the worst performer on the ASX 200 during the quarter by some distance with a 65.6% decline. Investors were selling the buy now pay later (BNPL) provider’s shares amid weakness in the tech sector and particularly the BNPL industry. In addition, a greater than expected loss for the first half of FY 2022 and a capital raising announcement weighed heavily on investor sentiment. This offset any positives from news that it is acquiring Sezzle Inc (ASX: SZL).

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price was out of form and tumbled 46.4% over the three months. Investors were selling sports betting shares globally amid concerns over valuations and increasing marketing spend in the industry. In respect to the latter, rival DraftKings warned that it was likely to make a loss of US$1 billion in 2022 due largely to marketing costs.

Boral Limited (ASX: BLD)

The Boral share price was a poor performer and sank 43.3% during the period. However, the majority of this decline reflects the building materials company returning a total of $3 billion to shareholders following a series of asset sales. Boral’s total cash return of $2.72 per share comprised a $2.65 per share capital reduction and an unfranked dividend of 7 cents per share.

Appen Ltd (ASX: APX)

The Appen share price continued its slide during the first quarter with a 38% decline. Investors were selling off this artificial intelligence data services company’s shares following the release of a disappointing full year result. Appen reported a 3% increase in underlying EBITDA to US$77.7 million in FY 2021, which fell short of its revised guidance. Management also revealed that it wouldn’t provide any guidance for FY 2022, which didn’t go down well with the market.

The post These were the worst performing ASX 200 shares during the first quarter appeared first on The Motley Fool Australia.

More reading

• These were the worst performers on the ASX 200 last week
• What boosted the Whitehaven Coal (ASX:WHC) share price on Friday?
• Zip share price backtracks ahead of share purchase plan closure
• ASX 200 (ASX:XJO) midday update: Allkem jumps on lithium pricing update: Domain to acquire Realbase
• These were the best performing ASX 200 shares in March

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Appen Ltd, Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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