Day: 4 September 2022

Looking for some new additions to your portfolio after earnings season? Listed below are two ASX growth shares that have recently been given buy ratings by Goldman Sachs.

Here’s why its analysts rate them highly right now:

Breville Group Ltd (ASX: BRG)

The first ASX growth share that is highly rated by Goldman Sachs following earnings season is Breville.

It is the leading appliance manufacturer behind brands such as Breville, Sage, Kambrook, and Baratza.

As many readers will be aware, these appliances are found in countless kitchens across Australia. And thanks to the company’s ongoing and highly successful international expansion, you may have noticed them popping up in kitchens across Europe if you were holidaying abroad this winter.

Goldman Sachs is very positive on the company. It highlights that Breville is exposed to some powerful trends and its strong brands are well-placed to benefit from them.

Goldman has a buy rating and $24.70 price target on the company’s shares.

ResMed Inc. (ASX: RMD)

Another ASX growth share that Goldman is tipping as a buy is ResMed.

It is a medical device company with a focus on sleep treatment and respiratory products that treat disorders including sleep apnoea and chronic obstructive pulmonary disease (COPD).

These are significant and growing markets to target. For example, the company highlights that upwards of 1 in 5 people are believed to suffer from sleep apnoea, with the vast majority currently undiagnosed. This bodes well for ResMed’s future growth, especially given its industry-leading products, high level of research and development, and wide distribution network.

Goldman Sachs currently has a buy rating and $36.80 price target on its shares.

The post Broker names 2 excellent ASX growth shares to buy right now appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 top ASX growth shares analysts rate as buys
• Here are the top 10 ASX 200 shares today
• Analysts name 2 growing ASX shares as buys
• Breville share price lifts on record FY22 revenue and dividend boost
• 3 buy-rated ASX 200 shares that analysts love

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 ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/Urn8ch9

Are you looking for dividend shares to buy? If you are, it could be worth checking out the two listed below.

Here’s why they are rated as buys right now:

Adairs Ltd (ASX: ADH)

The first ASX dividend share that could be a buy is Adairs. It is the leading furniture and homewares retailer behind the Focus on Furniture, Mocka, and eponymous Adairs brands.

It’s fair to say that FY 2022 was a year to forget for the company. It reported a sharp decline in profits due to significant COVID related disruptions across its operations.

But the worst appears to be behind the company now. It revealed that sales were up almost 45% during the first seven weeks of FY 2023. In light of this, management is guiding to earnings in the range of largely flat to up 11% for the full year.

The team at Jarden remain positive enough to put an overweight rating and $3.28 price target on the company’s shares.

As for dividends, the broker is forecasting fully franked dividends per share of 18 cents per share in FY 2023 and 22 cents per share in FY 2024. Based on the current Adairs share price of $2.23, this will mean yields of 8% and 9.9%, respectively.

Mineral Resources Limited (ASX: MIN)

Another ASX dividend share to look at is mining and mining services company Mineral Resources. It could be a decent option for income investors that aren’t averse to investing in the resources sector.

This is because Mineral Resources has a growing exposure to lithium, which is helping to offset its struggling iron ore business.

It is because of its lithium operations that Goldman Sachs is very positive on the company. In fact, the broker is forecasting the more than doubling of group EBITDA to over $2.3 billion in FY 2023 thanks largely to these operations.

Goldman has a buy rating and $69.50 price target on its shares, which implies meaningful upside over the next 12 months.

In addition, the broker has pencilled in fully franked dividends of 192 cents per share in FY 2023 and then 107 cents per share in FY 2024. Based on the latest Mineral Resources share price of $58.71, this will mean yields of 3.3% and 1.8%, respectively.

And while the latter yield may not be exciting, patient investors should be rewarded. Goldman expects growth thereafter and a 5%+ yield by FY 2027.

The post Here are 2 ASX dividend shares that experts rate as buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Goldman Sachs is bullish on the Mineral Resources share price
• Why Core Lithium, Mineral Resources, PointsBet, and Strike Energy are dropping
• Why are ASX 200 mining shares getting hammered on Friday?
• Why is the Mineral Resources share price down a hole on Friday?
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/ftsAS3N

If you are looking to bolster your portfolio with some ASX 200 shares, you may want to look at the two listed below.

Here’s why these ASX 200 shares are highly rated by experts right now:

REA Group Limited (ASX: REA)

The first ASX 200 share to look at is property listings company REA Group. It is best-known for the realestate.com.au website, which is dominating the ANZ market with an average of well over 100 million monthly visits to its website. This is over 3 times greater than its nearest competitor, which highlights just how powerful it has become over the last decade.

It is thanks to this dominant market position, together with new acquisitions and revenue streams, that REA Group has been tipped to grow strongly in the coming years.

Morgans, for example, is very positive on the company’s outlook. As a result, the broker has an add rating and $143.00 price target on its shares. This compares favourably to the latest REA share price of $123.77.

SEEK Limited (ASX: SEK)

Another ASX 200 share that experts rate highly is Seek. It is of course the ANZ region’s leading job listings company.

It bounced back strongly from the pandemic and delivered a huge increase in revenue and net profit after tax in FY 2022. Seek reported a 47% increase in revenue to $1.16 billion and an 81% jump in net profit after tax to $245.5 million.

This was driven by very strong ad volumes, with records broken in March, and an 11% increase in ad yields. The latter reflects higher prices, a favourable customer mix, and increased depth adoption.

This went down well with UBS, which responded by upgrading Seek’s shares to a buy rating with a $27.80 price target. This implies material upside based on the current Seek share price $20.59.

The post Here are 2 ASX 200 shares that experts rate as buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Top brokers name 3 ASX shares to buy next week
• 3 ASX shares now at a golden buying opportunity: experts
• Should you buy these ASX 200 shares after the market selloff?
• Experts name 2 blue chip ASX 200 shares to buy
• Here are 2 ASX shares that Morgans rates as buys

Motley Fool contributor James Mickleboro has positions in SEEK Limited. 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 Bapcor, REA Group Limited, and SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/qQHtMiS

If you’re looking for exchange traded funds (ETFs) to buy in September, then you might want to look at the three listed below.

Here’s what you need to know about these popular ETFs:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The Asian tech sector has been hammered over the last 12 months. As a result, the BetaShares Asia Technology Tigers ETF has taken a tumble as well. That’s because this ETF tracks the performance of the largest technology companies in Asia (excluding Japan). While this decline is disappointing, it could have created a buying opportunity for long term focused investors due to the quality on offer in the sector and its huge addressable market. Among the tigers you’ll be owning are Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent Holdings.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF that has been hammered is the BetaShares Crypto Innovators ETF. This could make it a good option for those that still believe that cryptocurrencies are the future. That’s because this ETF is designed to capture the full breadth of the crypto ecosystem, by providing exposure to pure-play crypto companies, those whose balance sheets are held at least 75% in crypto-assets, and diversified companies with crypto-focused business operations. Among its holdings you’ll find Coinbase, PayPal, Riot Blockchain, Robinhood, Silvergate, and Block.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF to look at in September is the Vanguard MSCI Index International Shares ETF. If you’re looking for a quick way to diversify your portfolio, then this one could be the answer. This extremely popular ETF provides investors with access to around 1,500 of the world’s largest listed companies. This provides significant diversity and also allows investors to take part in the long term growth potential of international economies. Among the shares that you’ll be owning are giants including Amazon, Apple, Nestle, Nvidia, Procter & Gamble, Tesla, and Visa.

The post 3 fantastic ETFs for ASX investors to buy in September appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Could these ASX ETFs soon play a bigger role in Aussie super funds?
• 2 of the best ETFs for ASX investors to buy in September
• 2 beaten down ETFs for investors to buy and hold
• How does VGS stack up against other ASX index funds?
• 3 top ETFs for ASX investors to buy

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 Betashares Crypto Innovators ETF and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/CGURcOj

The Fortescue Metals Group Limited (ASX: FMG) share price has been suffering in recent times. Over the past week, Fortescue shares have dropped 13%.

As one of the world’s biggest iron ore miners, the ASX mining share is highly dependent on what happens in iron ore for its revenue and net profit after tax (NPAT).

Weakness in the iron ore price is not good news for Fortescue. So what happened on Friday to see the Fortescue share price drop 2.5%? Let’s take a look.

What happened?

On Friday, investors reacted to the news that the iron ore price had taken a dive. According to Commsec, mining stocks dropped around 10% last week, which was the biggest loss since March 2020 – the period of time of the worst of the COVID-19 crash.

The cause of the iron ore price decline, according to Commsec, was:

Iron ore futures slid US$8.37 or 8.0% to US$96.39 a tonne after the lockdown of Chengdu revived fears that the virus will continue to hamper China’s economic recovery.

For readers that need a refresher on Chinese cities, Chengdu is a large city with more than 20 million people, all of whom have been ordered to stay inside. According to reporting by the BBC, only one person per household is allowed to go out for essential shopping.

Reportedly, there were 157 new infections on Thursday. People are now not allowed to leave or enter the city. They can only go out to buy essentials if they have evidence of a negative COVID-19 test. The BBC also wrote:

Beijing’s drive to ensure “zero Covid” has been accused of stifling economic growth, and has prompted rare public dissent from citizens.

It’s the impact on the Chinese economy that investors are focused on, considering China is such a huge buyer of iron ore. Therefore, what happens in China can have a huge impact on the iron ore price and the Fortescue share price.

Fortescue’s view on the Chinese economy

The Australian Financial Review has reported on data showing that initiatives by China to get its economy back on track may not be going to play. It said:

The Caixin Manufacturing Purchasing Managers’ Index fell to 49.5 last month from 50.4 in July, just below economist expectations for a reading of 50, the mark that separates growth from contraction.

But Fortescue leader Andrew Forrest is not put off by the weakening numbers coming out of the Asian superpower. Forrest told the AFR:

Europe and North America would be holding parties and celebrating if they could get 5.5% GDP growth, let’s not forget that.

And China has so many more levers it can yet pull. It’s not run by a bunch of ideologues, the economy is run by people who are leading in their game. I have to admit I’ve built a business through listening very carefully to what that leadership has said it’s going to do, because…their futures, their careers, their leadership rests on their economic management.

I’ve been able to rely on that – and I think we [still] can.

Time will tell whether Forrest is right to be positive about China and what the flow-on effect on iron and the Fortescue share price will be.

The post What’s the outlook for Fortescue shares amid a struggling Chinese economy? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why are ASX 200 mining shares getting hammered on Friday?
• These ASX 200 shares are going ex-dividend on Monday
• ASX 200 shares declared $42b of dividends in August. Here’s how you can get a slice
• Hoping to bank the latest Fortescue dividend? Here’s what you need to do
• Reason for hope as ‘worst month of the year’ starts off badly

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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.

from The Motley Fool Australia https://ift.tt/xbr6RS8

S&P/ASX 200 Index (ASX: XJO) energy shares have been some of the top performers over the past year.

Fuelled by soaring energy prices, the S&P/ASX 200 Energy Index (ASX: XEJ) is up a remarkable 40% since this time last year. That compares to about a 9% 12-month loss posted by the benchmark ASX 200 index.

Leading ASX 200 energy share Woodside Energy Group Ltd (ASX: WDS) has certainly pleased investors, with its shares up about 70% over the full year. And you’re not likely to hear Santos Ltd (ASX: STO) shareholders complaining about the company’s 25% 12-month gains either.

Atop those share price gains, both ASX 200 energy shares pay some healthy dividends. Last week, Woodside declared its largest half-year dividend since 2014.

Beyond the oil and gas companies, record coal prices have seen Whitehaven Coal Ltd (ASX: WHC) shares leap an eye-popping 198% since this time last year. And this is a $7.5 billion company we’re talking about here.

So, with these gains already in the bag, are ASX 200 energy shares a good investment right now?

ASX 200 energy shares operating in ‘most favourable sector’

For some expert insight into that answer, we defer to the global equity strategists at JPMorgan.

According to the strategists (courtesy of the Australian Financial Review):

With no resolution to the current energy crisis in sight, energy sector remains in a particularly sweet spot with very attractive valuations, strong fundamentals and significant improvement in quality.

Currently energy is trading at an extreme about 10x [price-to-earnings] PE discount vs market. More so, across all sectors Energy is seeing by far the largest improvement in its ranking across all key styles / factors simultaneously.

This makes it the most favourable sector based on various Quant models and should result in incremental positive equity flows from various types of products (e.g. Equity Quant, Smart Beta, etc.), that we estimate currently to be about $US20 billion per month as these products get rebalanced.

JPMorgan forecasts a solid growth outlook ahead for the global energy sector. This should come as encouraging news for existing or pending investors in ASX 200 energy shares.

According to the broker:

The sector should deliver strong relative growth (with upside to current consensus estimates) and rising capital return … at very cheap valuation … while its balance sheet continues to strengthen.

The analysts assumed crude prices ranging from US$60 per barrel to US$70 per barrel.

The post Are ASX 200 energy shares a good investment right now? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why is the Woodside share price sliding this week?
• ASX 200 shares declared $42b of dividends in August. Here’s how you can get a slice
• 5 things to watch on the ASX 200 on Friday
• Blocked again: Here’s what happened to ASX 200 shares last time the Suez was cut off
• How did ASX 200 dividend shares stack up in August?

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bernd Struben 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.

from The Motley Fool Australia https://ift.tt/c1WUQfK

There’s an emerging bull and bear case for Woolworths Group Ltd (ASX: WOW) shares, with analysts on both sides speculating on how the supermarket chain’s shares will perform this month and beyond.

Bulls assume higher margins and lower costs from the abatement of COVID-19 will send the Woolworths share price higher. While bears paint the opposite picture, stating that Woolworths’ earnings will lower by as much as 39% for the first half of FY23, as The Sydney Morning Herald reported on Wednesday.

First, for the bear case.

Analysts from JP Morgan said:

For 1H23, we forecast NZ Food EBIT (earnings before interest and taxes) to be down 39 per cent to NZ$123 million.

The team at Morgans notes that overall, the company remains a viable investment if the economy goes further south.

Morgans said:

“We continue to see [Woolworths] as a good, defensive business that should perform relatively well if macroeconomic conditions worsen.”

On the bull’s side, analysts from Citibank were more generous with their EBIT forecast. The team posted a note to clients after the company’s FY22 results were released on Thursday last week.

Citi said:

COVID costs declined to $18 million in 4Q22, well down from 3Q22 ($66 million) and 1H22 ($205 million). We assume $80 million of COVID costs in FY23e, thereby helping to drive the Australian Food EBIT margin up by 34 bps despite significant cost pressure.

Barrenjoey analyst Tom Kieratch also made bullish comments regarding Woolworths:

The easing of COVID impacts and greater management focus on costs look to have driven far better [second half] Food results vs the [first half].

The bottom line

The consensus these analysts reached was that Woolworths is facing significant cost pressures, and the company said so in its financial report for FY22. Some headwinds that are battering the stock include inflation, COVID-19, supply chain disruptions, team shortages, and natural disasters such as flooding.

Despite these problems, the Woolworths share price lept 9% on the day the company announced its results. Group sales climbed 9.2% to $60,849 million and EBIT was down 2.7% to $2,690 million.

Woolworths share price snapshot

The Woolworths share price is down about 5% year to date. The S&P/ASX 200 Index (ASX: XJO) is down about 10% over the same period.

The company’s market capitalisation is $44.21 billion.

The post Are Woolworths shares good value in September? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Goldman Sachs says these ASX dividend shares are buys
• Here are the top 10 ASX 200 shares today
• Is the Endeavour share price a bargain after its big tumble in August?
• How did ASX 200 dividend shares stack up in August?
• Why is the Woolworths share price in the red on Wednesday?

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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.

from The Motley Fool Australia https://ift.tt/N0ruJ8h

The Altium Ltd (ASX: ALU) share price was trading down 2% at $35.5 apiece at market close on Friday.

But zoom the picture out a little and we see that shares in the cloud software company have tracked 14.71% higher this month.

Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) is down 5.21% for the month.

Does this mean Altium deserves a spot in your portfolio? Let’s look at what a broker had to say about it.

What did the broker say?

Bell Potter, an Australian capital markets company, gave Altium shares a buy rating on Tuesday.

Not only that, but the company landed Altium with a price target of $37.50, giving it a modest 4.9% upside at the time of writing.

The rating came after Altium posted a strong result for FY22, with shares gaining 18% following the announcement.

Bell Potter said it was a “cracking result” and posted the following observations:

FY22 EBITDA grew 33% to US$79.8m which was 6% above our forecast of US$75.4m. The beat was driven by higher revenue than forecast (US$220.8m vs BPe US$218.5m and guidance towards top end of US$209-217m) and a better EBITDA margin than forecast (36.2% vs BPe 34.5% and guidance towards low end of 34-36%).

Note there were no positive one-offs which drove the beat and the result was even negatively impacted by one-off costs of US$1.3m from relocating staff out of Ukraine (so that the underlying EBITDA margin was actually 36.7%).

The broker continued:

Altium provided FY23 guidance of revenue b/w US$255-265m and an EBITDA margin of b/w 35-37%. The company also provided a breakdown of the revenue guidance b/w US$195-200 in electronic design software and US$60-65m in engineering cloud platform.

Altium also reiterated its FY26 target of US$500m revenue and an EBITDA margin of 38-40% but said it believes it can now get there with <100,000 subscriptions.

Altium share price snapshot

The Altium share price is down 20.71% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 10.09% over the same period.

The company’s market capitalisation is $4.67 billion.

The post Up 15% in a month, is ASX 200 tech share Altium on the comeback trail? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• These ASX 200 shares are going ex-dividend on Monday
• Experts name 3 ASX growth shares to buy in September
• ASX 200 reporting season weekly wrap: Top risers and fallers
• Could ASX 200 tech share Altium be in for another takeover approach?
• Here’s what you need to know about the Altium Group FY22 dividend

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 positions in and has recommended Altium. 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.

from The Motley Fool Australia https://ift.tt/W1GJYQN

The Wesfarmers Ltd (ASX: WES) share price has remained relatively flat since the release of the company’s full year results.

At the end of the week, the conglomerate’s shares finished relatively flat with a slight 0.04% increase to $46.71 during its Friday trading session.

Let’s take a brief look at how the company performed and what one prominent broker is saying.

How did Wesfarmers perform in FY 2022?

The Wesfarmers share price has been seesawing lately despite the company posting a strong second-half performance.

As reported by my Motley Fool colleague Brooke Cooper, Wesfarmers delivered an 8.5% increase in revenue to $36.8 billion. This came on the back of the company’s strong recovery from COVID-19 lockdowns and absenteeism in the first half of FY 2022.

On the bottom line, Wesfarmers experienced a slight fall of 1.2% in net profit after tax (NPAT) to $2.35 billion. 

Subsequently, the board opted to declare a fully franked final dividend of $1 per share which was 11.1% higher than the prior corresponding period.

On the day of the results, Wesfarmers shares dipped 1.15% to finish at $47.40.

Are Wesfarmers shares a buy?

One broker weighed in on the company’s shares following the release of its full-year results.

The team at Goldman Sachs stated that Wesfarmers’ performance showed growth headwinds amidst higher investments.

In that respect, the broker stated the following:

We change our FY23/24 NPAT by 2.0% and 1.7% respectively to factor in the stronger results and updated outlook.

Goldman Sachs rolled forward its valuation to be based on FY 2024 estimates and increased its Wesfarmers share price target to $38.90 apiece. Based on the current share price, this implies a downside of 16.7% for investors.

Furthermore, its analysts reiterated a sell rating on Wesfarmers shares.

Wesfarmers share price snapshot

Over the past 12 months, the Wesfarmers share price has fallen by 19%. Likewise, the share is down 21% year-to-date.

Wesfarmers commands a market capitalisation of around $53.30 billion, making it the tenth largest company on the ASX.

The post Is the Wesfarmers share price a buy following the company’s latest results? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Experts name 2 top ASX dividend shares to buy next week
• How did ASX 200 dividend shares stack up in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Why is the Wesfarmers share price sliding lower on Wednesday?
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Aaron Teboneras 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 positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/kwsZYSE

If you’re an income investor searching for new dividend shares to buy, it could be worth checking out the two listed below.

Here’s why Goldman Sachs rates them as buys right now:

Westpac Banking Corp (ASX: WBC)

The first ASX dividend share that Goldman Sachs rates highly is banking giant Westpac.

Goldman currently has a buy rating and $26.55 price target on its shares.

Its analysts believe that Westpac provides investors with strong leverage to rising rates. In addition, while the broker believes that Westpac’s $8 billion FY 2024 cost target is unachievable, it still forecasts a healthy 7% reduction in underlying expenses. All in all, it is expecting this to drive solid earnings and dividend growth through to FY 2024.

In respect to the latter, Goldman is forecasting fully franked dividends per share of $1.23 in FY 2022 and $1.35 in FY 2023. Based on the current Westpac share price of $21.40, this will mean yields of 5.75% and 6.3%, respectively, over the next two years.

Woolworths Group Ltd (ASX: WOW)

Another ASX dividend share that Goldman Sachs is a fan of is retail giant Woolworths.

Its analysts were pleased with Woolworths’ performance in FY 2022. The broker highlights that the company’s “results were of high quality with AU supermarket comp store growth of 5.2% in 4Q22 driven by strong price and positive mix.” The good news is that Goldman expects this trend to extend into the first half of FY 2023.

In light of this and its positive long term outlook thanks to its digital and omni-channel advantage, Goldman has a conviction buy rating and $44.10 price target on the company’s shares.

As for dividends, the broker is forecasting fully franked dividends per share of $1.07 in FY 2023 and $1.16 in FY 2024. Based on the current Woolworths share price of $36.70, this will mean yields of 2.9% and 3.2%, respectively.

The post Goldman Sachs says these ASX dividend shares are buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Is this why the Macquarie share price was ‘steaming ahead’ on Friday?
• Here are the top 10 ASX 200 shares today
• Is the Endeavour share price a bargain after its big tumble in August?
• Why is the ASX 200 diving 2% on Tuesday?
• How did ASX 200 dividend shares stack up in August?

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/WmopAOu