Day: August 15, 2022

Here are 3 top ASX growth shares that experts are tipping as buys

A young bearded man wearing a white t-shirt with a yellow backdrop holds up his arms to his chest and points to the camera in celebration of ASX shares rising today

A young bearded man wearing a white t-shirt with a yellow backdrop holds up his arms to his chest and points to the camera in celebration of ASX shares rising today

Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the three listed below that have recently been named as buys.

Here’s what you need to know about these ASX growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is leading appliance manufacturer Breville. It could be worth considering due to its positive long term growth outlook which is underpinned by a combination of favourable industry tailwinds, its investment in research and development, and ongoing global expansion. The team at Morgans is very positive on the company and expects Breville to “deliver double-digit sales growth consistently over the next few years.” Morgans currently has an add rating and $25.00 price target on its shares.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another ASX growth share that could be in the buy zone is Domino’s. This pizza chain operator could be a top option due to its strong brand, ongoing investment in technology, and expansion plans. The latter sees the company aiming to more than double its store network by FY 2033 in existing markets. In addition, the company has the balance sheet strength to add to its network with acquisitions, extending its market opportunity further. And while Domino’s is having a tough time this year, the headwinds it is facing are only expected to be temporary. As a result, the team at Citi believe recent share price weakness could be a buying opportunity. The broker has a buy rating and $92.95 price target on its shares.

Webjet Limited (ASX: WEB)

A final ASX growth share for investors to look at is this online travel agent. Unsurprisingly, Webjet was hit incredibly hard by the pandemic. The good news is that travel markets are now rebounding and the company expects to become profitable again in the near future. And with its costs reduced materially from pre-pandemic levels, Webjet will be a much more efficient business in the future. It is for this reason that Goldman Sachs is a big fan of Webjet. Its analysts currently have a buy rating and $6.90 price target on its shares.

The post Here are 3 top ASX growth shares that experts are tipping as buys appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of August 4 2022

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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 Dominos Pizza Enterprises Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Why one broker is bullish on this ‘unloved and undervalued’ ASX 200 share

A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.

The Seven Group Holdings (ASX: SVW) share price had its ups and downs on Monday but finished the trading day in positive territory. Shares in the ASX agribusiness closed 0.39% higher at $18.03.

It’s been a challenging year for the Seven Group share price, down 25.3% over the past 12 months.

Credit Suisse analysts believe it’s undervalued at current levels, saying that the potential for further bad news has already been priced in for the stock.

With the company submitting its earnings report tomorrow, let’s find out why the Credit Suisse brokers are bullish on this ASX 200 share.

Credit Suisse analyst rating

As reported by The Australian, Credit Suisse analyst Andrew Hodge believes that the company is trading lower than it should.

A note addressed to investors explained the broker’s stance:

We believe SVW remains materially undervalued, but are also cognisant the very near term is unlikely to produce any re-rating catalysts. Although recent share price performance suggests a broad expectation of prospective bad news already exists within the market.

Credit Suisse reduced the consensus price target for Seven Group Holdings, but the forecast still undervalues it. The consensus price is $22.15, giving it a 22.91% upside at the time of writing.

Hodge predicted a higher share price to materialise over the next 12 months as its Coates and WesTrac businesses were expected to perform strongly.

He added that Seven Group Holdings would likely provide investors with a “conservative” FY23 outlook when it reported tomorrow morning. The broker expects that to have a knock-on effect on the company’s share price.

Despite some recent share price weakness, we believe lower than consensus guidance will result in modest share price weakness from current levels.

Other analysts disagree on the fair value of the ASX 200 share. Joe Wright of Airlie Funds Management said last week it was trading at “a price we believe is more than fair”.

Seven Group Holdings share price snapshot

The Seven Group Holdings share price is down 18.93% year to date. It’s trading significantly below the S&P/ASX 200 Index (ASX: XJO), which is 6.92% lower over the same period.

Seven Group Holding’s market capitalisation is $6.52 billion.

The post Why one broker is bullish on this ‘unloved and undervalued’ ASX 200 share appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of August 4 2022

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Motley Fool contributor Matthew Farley 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 Scott Phillips.

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2 blue chip ASX 200 shares tipped as buys by experts

Woman looks amazed and shocked as she looks at her laptop.

Woman looks amazed and shocked as she looks at her laptop.

With so many blue chip ASX shares to choose from, it can be hard to decide which ones to buy.

To narrow things down, I have picked out two top blue chip ASX shares that experts rate as buys right now. They are as follows:

Cochlear Limited (ASX: COH)

The first blue chip ASX share to look at is Cochlear. It is one of the world’s leading developers, manufacturers, and distributors of cochlear implantable devices for the hearing impaired.

Cochlear has earned this strong market position thanks to its portfolio of world-class products which has been developed following its high level of investment in research and development (R&D) over the last four decades.

The good news is that management isn’t resting on its laurels. Each year the company spends around 12% of its annual revenue on R&D activities. This ensures that it remains ahead of the pack and creates a significant barrier to entry.

So with populations around the world ageing and demand for cochlear implantable devices expected to increase strongly over the next couple of decades, Cochlear appears well-placed for growth over the long term.

Morgans certainly believes this will be the case. As a result, it has an add rating and $244.50 price target on Cochlear’s shares.

Goodman Group (ASX: GMG)

Another blue chip ASX share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Goodman is another company that appears well-placed for growth over the long term. This is thanks to to its world class portfolio, which has been developed to give it exposure to key growth markets such as ecommerce and logistics.

The team at Citi are very positive on Goodman and are forecasting strong earnings growth in the coming years. For example, the broker expects earnings per share growth of ~23% in FY 2022 and then ~20% in FY 2023.

Citi also sees value in Goodman’s shares at the current level with its buy rating and $22.00 price target.

The post 2 blue chip ASX 200 shares tipped as buys by experts appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of August 4 2022

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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 positions in and has recommended CSL Ltd. 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 Scott Phillips.

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Why has the Ragusa Minerals share price exploded 136% in a week?

Man with rocket wings which have flames coming out of them.Man with rocket wings which have flames coming out of them.

The Ragusa Minerals Ltd (ASX: RAS) share price has exploded in the past week.

In the last week, the company’s share price has lifted 138% to 20 cents. For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has climbed 2% in the same time frame.

Let’s take a look at what is happening at Ragusa Minerals?

What’s driving this price boost?

Ragusa Minerals is exploring lithium in the Litchfield Pegmatite Belt in the Northern Territory. Ragusa also has a 100% interest in a halloysite and kaolinite project in Western Australia, along with gold projects in Zimbabwe and Alaska.

However, it is lithium news out of the Northern Territory project that seems to have pushed up the Ragusa Minerals share price.

On Thursday, Ragusa announced historical exploration works had confirmed “high grade lithium perspectivity” at the company’s NT lithium project.

As my Foolish colleague Bronwyn reported, this included 8.03% Li2O3 and 7.25% Li2O6.

Commenting on the results, chairperson Jerko Zuvela highlighted the company’s “significant opportunity” to progress the NT lithium project.

He said Ragusa is in a strong position to rapidly accelerate the project within a “high quality lithium district”.

Today alone, the Ragusa Minerals share price soared a further 42.86%, in what was a strong day for ASX lithium shares.

Ragusa share price snapshot

The Ragusa Minerals share price has exploded 150% in the past year and 153% year to date.

For perspective, the ASX 200 Materials Index has lost nearly 11% in a year.

Ragusa has a market capitalisation of $25.15 million based on the current share price.

The post Why has the Ragusa Minerals share price exploded 136% in a week? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Ragusa Minerals Limited right now?

Before you consider Ragusa Minerals Limited, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Ragusa Minerals Limited wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

See The 5 Stocks
*Returns as of August 4 2022

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Motley Fool contributor Monica O’Shea 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 Scott Phillips.

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