Leading brokers name 3 ASX shares to buy today

With so many shares to choose from on the Australian share market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are outlined below. Here’s why they are bullish on them:

CSL Ltd (ASX: CSL)

According to a note out of UBS, its analysts have retained their buy rating on this biotech giant’s shares with a reduced price target of $158.00. UBS is feeling upbeat about the company’s outlook, believing that this year could mark the low point for CSL’s profits. This is particularly the case given the cost savings that the company’s transformation program is targeting and lower plasma costs following a shift in collections. In light of this and the CSL share price trading at a discount to peer multiples, UBS thinks now could be an opportune time for investors to buy shares. The CSL share price is trading at $99.19 this afternoon.

Eagers Automotive Ltd (ASX: APE)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this automotive retailer’s shares with a slightly trimmed price target of $28.00. Bell Potter believes the Eagers Automotive shares look reasonable value trading on PE ratios of ~20x and ~17x in 2026 and 2027. The latter includes the first full year of the CanadaOne investment, which it feels is the more relevant PE multiple to focus on. In addition, Bell Potter believes that the recent trading update at the annual general meeting has effectively wiped the slate clean, so there should be no surprises with its half-year results. The Eagers Automotive share price is fetching $21.53 at the time of writing.

IDP Education Ltd (ASX: IEL)

Analysts at Morgans have upgraded this student placement and language testing platform provider’s shares to a buy rating with a $3.15 price target. According to the note, recent visa data shows that IDP Education’s key destination markets remain in deep contraction, with Australia, Canada, and the UK all experiencing material volume and visa grant rate declines. However, positively, the company’s China IELTS is scaling quickly, the cost base reset is on track, and it continues to demonstrate pricing power across both IELTS and Student Placement. So, with structural demand drivers for international study intact, a leaner cost base, growing China optionality, and ongoing technology/product development, Morgans is willing to look through the near-term backdrop and recommends investors buy its shares while they are trading on a cyclically depressed multiple. The IDP Education share price is trading at $2.11 on Tuesday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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