3 ASX All Ords shares at 52-week lows: Are they a buy?

S&P/ASX All Ords Index (ASX: XAO) shares fell 0.078% to 9,244.3 points yesterday as earnings season continued.

The following three ASX All Ords shares hit fresh 52-week lows yesterday.

Are they are buy?

Let’s defer to the experts.

3 ASX All Ords shares at 52-week lows

Beacon Lighting Group Ltd (ASX: BLX)

This ASX All Ords consumer discretionary share fell to a 52-week low of $2.15 on Tuesday.

That’s a 36% fall over 12 months.

Morgans upgraded its rating on Beacon Lighting shares from accumulate to buy after the company’s 1H FY26 report.

The broker commented:

BLX 1H26 result was weaker than expected, driven by softer sales in both retail and trade, which has tempered expectations of a meaningful recovery in the 2H.

We have lowered our sales forecasts in FY26/27 resulting in 5%/6% downgrades to our EBITDA forecasts, and more meaningful downgrades at the NPAT line.

Whilst earnings recovery is likely longer dated, we see long-term opportunity in trade, store network growth, and margin expansion as the cycle turns.

The broker reduced its 12-month share price target from $3.80 to $3.20.

This still suggests a near-50% potential capital gain over the next year.

Treasury Wine Estates Ltd (ASX: TWE)

This ASX All Ords wine share tumbled to a 52-week low of $4.49 yesterday.

That’s a 59% decline over 12 months.

Morgans maintained its hold rating on this ASX retail share after reviewing the company’s 1H FY26 results.

The broker said the report was weak but broadly in line with the company’s guidance.

Leverage was well above the target range, and the board did not declare an interim dividend.

Morgans added:

TWE reiterated that 2H26 EBITS is expected to be higher than the 1H26. It is too early to call whether TWE can grow earnings in FY27.

We think this will not occur until FY28 given the priority to reduce customer inventory in the US and China.

It will take time for new management to deliver more acceptable returns and for TWE to rebuild credibility with the market.

Morgans lifted its 12-month price target slightly from $5.25 to $5.30 per share.

This implies a potential upside of almost 20% over the next 12 months.

Megaport Ltd (ASX: MP1)

This ASX All Ords tech share tumbled to a 52-week low of $7.36 yesterday.

The Megaport share price has fallen 35% over 12 months.

Morgans retained its buy rating after reviewing the company’s 1H FY26 report.

Morgans said:

MP1’s 1H26 result was a beat relative to our and consensus EBITDA expectations.

Revenue was inline, with gross profit higher and OPEX lower than expected.

FY26 guidance is broadly inline with our expectations. However, the 1H/2H skew and composition are meaningfully different.

This necessitates a huge increase in OPEX from 1H26 into 2H26 which leaves us thinking guidance looks conservative.

Cycling 2H26 OPEX into FY27 and beyond causes us to reduce our FY27 and FY28 EBITDA forecasts by ~20%, while concurrently lifting our revenue forecasts by ~6%.

The broker lowered its 12-month share price target on Megaport to $15.50.

This suggests the ASX tech share could more than double over the next 12 months.

The post 3 ASX All Ords shares at 52-week lows: Are they a buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen 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 Megaport and Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.