On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three that have just been given sell ratings are listed below.

Here’s why these brokers are bearish on them:

Computershare Limited (ASX: CPU)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $11.00 price target on this share registry company’s shares. The broker notes that Computershare has reaffirmed its guidance for a 20% decline in management earnings per share. While this is being seen as a positive, it still has concerns over falling margin income over the next couple of years due to low interest rates. The Computershare share price is trading at $12.79 today.

TechnologyOne Ltd (ASX: TNE)

Analysts at UBS have downgraded this enterprise software company’s shares to a sell rating with an increased price target of $8.20. The broker has been looking through TechnologyOne’s half year update and notes that its revenue fell a touch short of its expectations. This may make it difficult for it to deliver on its full year expectations. Outside this, the broker has concerns over its lofty valuation. Prior to today, its shares were trading at 51x estimated full year earnings. At the time of writing they are changing hands for $9.70.

Treasury Wine Estates Ltd (ASX: TWE)

A note out of the Macquarie equities desk reveals that its analysts have retained their underperform rating but lifted the price target on this wine company’s shares slightly to $9.60. The broker notes that other wine producers have seen an uptick in demand in China recently. While this is a positive, it does have concerns that Treasury Wine Estates could be hit with tariffs given the frosty Australia-China relationship. The company’s shares are trading at $9.82 this afternoon.

More reading

• The latest ASX stocks hit by broker downgrades today
• ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints
• Why ASX 200 iron ore miners are your best bet for dividends right now
• How to invest $1,000 in ASX 200 shares like Warren Buffett today
• Why I’d invest $1,000 in this ASX tech share today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Top brokers name 3 ASX 200 shares to sell today appeared first on Motley Fool Australia.

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At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) looks set to end its winning streak. The benchmark index is currently down 0.2% to 5,562.7 points.

Here’s what is happening on the ASX 200 today:

Afterpay hits 5 million U.S. active customers.

The Afterpay Ltd (ASX: APT) share price hit a record high today after the release of a U.S. update. That update reveals that after launching in the U.S. two years ago, there are now 5 million active customers on its buy now pay later platform in the country. Impressively, the company has experienced a surge in customer additions during the pandemic. Management revealed that 1 million of these active customers have joined during the last 10 weeks.

Aristocrat Leisure half year update.

The Aristocrat Leisure Limited (ASX: ALL) share price is tumbling lower on Thursday after its half year update fell short of expectations. For the six months ended March 31, Aristocrat recorded a 7% increase in operating revenue to $2,251.8 million and a 12.8% decline in normalised NPATA to $368.1 million. Although its top line growth was stronger than expected (due to its Digital business), its NPATA fell well short of Goldman Sachs’ estimate for a 2% decline to $416 million.

Big four banks drop lower.

The big four banks are all trading lower at lunch and acting as a major drag on the ASX 200. The worst performer in the group has been the Westpac Banking Corp (ASX: WBC) share price. The shares of Australia’s oldest bank are down 1% at lunch.

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Thursday has been the NRW Holdings Limited (ASX: NWH) share price with a massive 23% gain. Investors have been buying the infrastructure contractor’s shares after it revealed unaudited revenue of $1.6 billion for the 10 months to April 30. This is greater than any revenue it has achieved during a full 12 months. The worst performer has been the Aristocrat Leisure share price with a 5% decline after its half year update disappointed.

More reading

• ASX 200 mining services share storms 27% higher on record revenue result
• Why Aristocrat Leisure, Bigtincan, Clover, & Megaport shares are dropping lower
• Why Afterpay, AMA, NRW, & Santos shares are racing higher
• The hidden threat to big banks that may be worse than a housing collapse
• Why ASX 200 iron ore miners are your best bet for dividends right now

Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post ASX 200 down 0.2%: Afterpay hits a record high, Aristocrat Leisure update disappoints appeared first on Motley Fool Australia.

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