Category: Stock Market

There are plenty of options out there for growth investors on the Australian share market.

Two that are highly rated are listed below. Here’s what you need to know about them:

Dubber Corp Ltd (ASX: DUB)

The first ASX growth share to look at is Dubber. It is a software company that provides businesses with a scalable call recording service.

The company’s cloud-based technology allows businesses to record, manage, and analyse their phone calls and communications.

Demand for Dubber’s offering has been growing strongly over the last couple of years, leading to a significant increase in active customers and revenue.

And with the company just announcing an agreement with global giant Cisco, its growth prospects look even more positive. That agreement will see Cisco Webex Calling and Cisco Unified Communications Manager Cloud (UCM) now include Dubber call recording as part of all Cisco Webex and UCM services at no additional cost to users.

After which, if a user or business requires additional features, such as extended storage, video recording, transcription, sentiment analysis or AI-enriched insights, they can then upgrade their Dubber plan from within Cisco’s Control Hub with immediate access and effect.

Shaw and Partners currently has a buy rating and $3.03 price target on the company’s shares.

Nearmap Ltd (ASX: NEA)

Another ASX growth share to consider is Nearmap. It is a leading aerial imagery technology and location data company’s platform provider.

Like Dubber, demand for its offering has been growing strongly in recent years. Pleasingly, management appears confident that this will continue. So much so, it is targeting annualised contract value (ACV) growth of 20% to 40% per annum over the long term.

And while a patent infringement notice is likely to weigh on sentiment in the near term, Morgan Stanley remains positive on the company. It also notes that just 25% of its North American revenue is subject to the patent dispute. 

Morgan Stanley has an overweight rating and $3.20 price target on the company’s shares.

The post 2 top ASX shares for growth investors appeared first on The Motley Fool Australia.

More reading

• Why Dubber, Megaport, Sezzle, & Worley shares are storming higher
• Dubber (ASX:DUB) share price jumps 8% on Cisco deal
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• 2 small cap ASX tech shares to watch
• 2 ASX mid cap growth shares rated highly

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Dubber Corporation and Nearmap Ltd. The Motley Fool Australia owns shares of and has recommended Dubber Corporation and Nearmap Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There are some ASX shares that plenty of brokers like at the moment.

Everyone has a different opinion about each business. But if multiple analysts like the same company then it could be an opportunity:

Steadfast Group Ltd (ASX: SDF)

Steadfast Group says it’s the largest general insurance broker network and the largest group of insurance underwriting agencies in Australasia, with growing operations in Asia and Europe.

It has a broker network that get better market access, exclusive products and services through the Steadfast Group. Steadfast has underwriting agencies that designs, develops and provides specialised insurance products and services to brokers inside and outside of Steadfast. Steadfast also has a number of complementary and supporting businesses for insurance like technology, risk, life insurance, reinsurance and lawyers.

Steadfast is currently rated as a buy by at least four brokers, including Credit Suisse which has a price target on Steadfast of $4.60. It noted the recent profit upgrade.

In that upgrade, the ASX share increased its earnings expectations after a “strong” first nine months of FY21 with revenue growth of 7.2% and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) growth of 20.5%.

After good organic growth and accretive acquisitions, Steadfast said that it’s expecting underlying net profit after tax (NPAT) to come in a range of $127 million to $132 million – that guidance was increased from a range of $120 million to $127 million. Underlying earnings per share (EPS) is expected to grow by 15% to 20%.   

Steadfast said that strategic partners continue to implement moderate premium price increases.

FINEOS Corporation Holdings PLC (ASX: FCL)

FINEOS is an ASX software share that provides software to the employee benefits and life, accident and health industry. It says that it helps customers upgrade from outdated legacy administration systems to a modern purpose-built, customer-centric product-suite. It enables improved operational efficiency, increased effectiveness and excellent customer care.

It’s currently rated as a buy by at least three brokers, including the ones at Macquarie Group Ltd (ASX: MQG) that have a price target of $4.63 on FINEOS. That suggests a possible upside of over 20% over the next 12 months. Macquarie thinks that FINEOS can claim more wins which could help.

In the quarter ending 31 March 2021, it revealed that FY21 total revenue is on track to hit the upper end of its guidance range of $102 million to $105 million and achieve the targeted 30% growth in subscription revenue (before the contribution from the Limelight acquisition).

Since that quarterly update, the ASX share announced the acquisition of Spraoi for an upfront US$4 million and an earnout of up to US$6.6 million. Spraoi is a leading provider of machine learning capabilities for the employee benefits and life industry. It currently has eight clients and achieved US$6 million of revenue in the year to 31 December 2020 and is expected to be earnings accretive to FINEOS, excluding transaction costs, after its first full year.

FINEOS is excited by this acquisition because it gives it immediate opportunities to leverage from its existing client base and product capabilities.

The post 2 ASX shares that multiple brokers really like appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended FINEOS Corporation Holdings plc. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia has recommended FINEOS Corporation Holdings plc and Steadfast Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Our market is set to deliver to best returns in years if it holds on to its gains till June 30 and experts are rushing to upgrade their forecasts for ASX shares.

The S&P/ASX 200 Index (Index:^AXJO) jumped by nearly 24% (before dividend and franking) since the start of FY21. What’s more, futures pricing is predicting a positive start to trade tomorrow.

The experts have largely underestimated the rebound for our economy from the  COVID-19 disaster and have also undercooked their expectations for ASX shares.

Best performing ASX shares in FY21

From the way things are going, resource shares will dominate the leader board for this financial year. The Pilbara Minerals Ltd (ASX: PLS) share price, Lynas Rare Earths Ltd (ASX: LYC) share price and OZ Minerals Limited (ASX: OZL) share price are among those leading the charge.

Outside of resources, the ARB Corporation Limited (ASX: ARB) share price and Reece Ltd (ASX: REH) share price have also more than doubled.

Despite the ASX 200 breaking a new record high, several experts believe our market is heading higher before Christmas comes around.

Can ASX 200 shares deliver an extra 10% return in 2021?

Strategists from several leading financial institutions have upgraded their forecasts for the top 200 share benchmark, reported the Australian Financial Review.

The most bullish is Exchange Traded Funds (ETF) provider VanEck. It believes the ASX 200 will crack 8,000 points this calendar year. That represents around an additional 10% price upside for the index.

If its experts are right, the calendar return for the index would hit 21.4%. The AFR reckons this would be the best gain since 2009 after ASX shares rebounded strongly from the GFC.

VanEck’s bullish view was triggered by the better-than-expected GDP data for our economy. Australia expanded 1.8% in the March quarter and VanEck is forecasting GDP growth of 5% for 2021. That makes the RBA’s 4.75% prediction look conservative!

Experts rushing to upgrade forecasts for the ASX 200

Meanwhile, Commonwealth Bank of Australia (ASX: CBA) upgraded its estimates for the ASX 200 by 150 points to 7,350. That’s below JPMorgan’s 500-point upgrade in May for the benchmark to close at 7,500 for the calendar year.

JPMorgan believes that ASX mining shares will continue to power the market higher, but they will be supported by ASX banks.

The operating outlook for ASX banking shares has brightened significantly alongside our rapidly expanding GDP.

While ASX banks, like the CBA share price, have outperformed recently, these shares could still rally further due to dividend upgrades.

ASX 200 share valuations starting to look overstretched

Morgan Stanley also joined its peers and lifted its forecast for the top 200 index by 100 points last month to 7,200. But it warned that valuations are looking stretched as share prices are increasing faster than expected profits.

“We do see some price upside on a 12-month time horizon,” the AFR quoted Chris Nicol, Morgan Stanley’s Australian equity strategist.

“However, the bulk of expected total return will fall to income as dividend profiles continue to be rebuilt post COVID.”

The post Best returns in a decade leaves experts scrambling to upgrade ASX shares appeared first on The Motley Fool Australia.

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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 ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking for some top ASX dividend shares to add to your income portfolio, then you might want to look at the ones listed below.

Here’s what income investors need to know about them:

Accent Group Ltd (ASX: AX1)

The first dividend share to consider is Accent. It is a retail group with a collection of popular footwear-focused store brands.

These include stores such as HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete’s Foot.

Accent also recently launched a new brand called 4 Workers. This brand is targeting the niche but lucrative workwear market. This includes clothing and footwear for tradies.

In addition to this, the company has just bolstered its offering with the acquisition of Glue Store. This opens up Accent to the growing street fashion market, complementing its existing businesses.

Bell Potter currently has a buy rating and $3.30 price target on its shares. The broker is forecasting dividends of 11.7 cents per share in FY 2021 and 12.3 cents per share in FY 2022.

Based on the latest Accent share price of $2.83, this represents fully franked yields of 4.1% and 4.3%, respectively.

National Storage REIT (ASX: NSR)

National Storage is one of Australasia’s largest self-storage providers. From over 200 locations across Australia and New Zealand, it tailors self-storage solutions to residential and commercial customers.

National Storage has been growing at a solid clip over the last few years thanks to a combination of organic growth and growth through acquisitions.

The good news is that management sees plenty of opportunities to continue growing in this way in the future. This bodes well for income and dividends over the 2020s.

For now, management expects the company to report underlying earnings per share of 7.7 cents to 8.3 cents in FY 2021. From this, it plans to pay out 90% to 100% to shareholders.

Based on the current National Storage share price, this represents a ~3.7% yield.

The post 2 ASX dividend shares with attractive yields for next week appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares 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 Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that caught my eye are summarised below.

Here’s why brokers think investors ought to buy them next week:

Origin Energy Ltd (ASX: ORG)

According to a note out of Ord Minnett, its analysts have retained their buy rating and increased their price target on this energy company’s shares to $5.75. The broker made the move on the belief that electricity prices are improving after a recent downturn. In addition to this, the broker is expecting the APLNG business to generate strong free cash flow. The Origin share price ended the week at $4.72. Ord Minnett’s price target implies potential upside of 22% over the next 12 months.

Sonic Healthcare Limited (ASX: SHL)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating and $40.00 price target on this healthcare company’s shares. According to the note, although vaccines are being rolled out globally, testing for COVID-19 remains strong. This bodes well for Sonic, which has been benefiting greatly from high testing volumes. As a result, the broker has increased its earnings estimates to reflect this. The Sonic share price was fetching $35.16 at Friday’s close. Credit Suisse’s price target represents potential upside of almost 14%.

Telstra Corporation Ltd (ASX: TLS)

Another note out of Ord Minnett reveals that its analysts have retained their buy rating and $4.10 price target on this telco giant’s shares. According to the note, although rival Vodafone has extended its discounts for another month at least, the broker continues to believe that Telstra’s superior 5G network is underpinning mobile subscriber growth. This may be supportive of ARPU growth in the mobile business in the near term. The Telstra share price ended the week at $3.58. Ord Minnett’s price target implies upside of 14.5%.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Rural Funds Group (ASX: RFF) is a real estate investment trust (REIT) that could be a good option to think about for income.

What does Rural Funds own?

Its property portfolio is focused on agricultural properties around Australia.

At the moment it’s invested in five different farming sectors. Those are: cattle, vineyards, almonds, macadamias and cropping (cotton and sugar).

The agricultural sectors it’s invested in are not fixed. A few years ago it didn’t own any cattle properties. Now, cattle is one of the biggest allocations. Rural Funds used to own poultry assets, but it has divested those properties.

Here are three reasons why Rural Funds could be an interesting ASX dividend share:

Diversification

Its farms are located in multiple states. They are also spread across different climactic conditions. This can help reduce the risks of the portfolio as a whole when looking at the potential downsides of each individual farm. It has at least one farm across most of the Australian states.

Rural Funds doesn’t rely on just one or two tenants. It has a number of large, quality tenants including Select Harvests Limited (ASX: SHV), Treasury Wine Estates Ltd (ASX: TWE), JBS, Australian Agricultural Company Ltd (ASX: AAC), Stone Axe, Olam and Queensland Cotton.

The agricultural REIT has a long weighted-average lease expiry (WALE) of around 11 years. That means that tenants are contracted to stick around for a long time.

Growth

Rural Funds aims to increase its distribution growth of 4% per annum for shareholders. It has been doing this for several years in a row since it listed.

How does it achieve this growth? The income growth is achieved through lease indexation (contracted rental growth), productivity improvements and with the conversion of assets to higher and better use.

Some of the contracted rental growth experiences a fixed 2.5% annual increase, with other farms having rental increases linked to CPI annual inflation growth.

The ASX dividend share has provided a distribution forecast increase of 4% for FY22.

Yield

Rural Funds pays out a fairly high percentage of its rental profit each year to shareholders. That means the Rural Funds distribution yield is relatively high compared to a typical ASX share.

Using the distribution forecast of 11.73 cents per unit in FY22, that puts the forward distribution yield on 4.6%.

The post 3 reasons why Rural Funds (ASX:RFF) could be a really good ASX dividend share appeared first on The Motley Fool Australia.

More reading

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• No China? No worries. The Treasury Wine (ASX:TWE) share price lifts 16% in May
• These were the best performing ASX 200 shares in May

Motley Fool contributor Tristan Harrison owns shares of RURALFUNDS STAPLED. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Commonwealth Bank of Australia (ASX: CBA)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $89.50 price target on this banking giant’s shares. The broker has been looking at the capital positions of the big four banks. It believes they all have significant excess capital and suspects that this could mean share buybacks in the near future. Morgan Stanley estimates that Commonwealth Bank could return $5 billion to shareholders with its FY 2021 results. However, while this is positive, it isn’t enough for a change of rating. The broker continues to believe its shares are overvalued. The Commonwealth Bank share price ended the week at $102.52.

St Barbara Ltd (ASX: SBM)

A note out of Macquarie reveals that its analysts have retained their underperform rating and cut the price target on this gold miner’s shares to $1.70. The broker made the move after St Barbara withdrew its guidance for its Simberi operation. Macquarie has downgraded its production estimates for FY 2021 and suspects that its FY 2022 production could be impacted. The St Barbara share price was trading at $1.83 at the end of the week.

Wesfarmers Ltd (ASX: WES)

Analysts at Citi have retained their sell rating and $45.00 price target on this conglomerate’s shares. This follows the release of Wesfarmers’ strategy day event last week. The broker believes that Wesfarmers will need to invest heavily in its retail businesses to position them for medium to long term growth. And while it sees opportunities for Wesfarmers to make value accretive acquisitions, it isn’t pricing these in until they have been made. So for now, the broker believes its share overvalued. The Wesfarmers share price was fetching $55.24 on Friday.

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

More reading

• 5 ASX shares tipped to pay higher dividends: fund manager
• Why the CBA (ASX:CBA) share price is at record highs
• Is the Wesfarmers (ASX:WES) share price in the buy zone after its update?
• 5 things to watch on the ASX 200 on Friday
• ASX 200 hits another record, Sezzle flies, Wesfarmers falls

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 owns shares of and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking for ways to boost your income in retirement, then you might want to look at the shares listed below.

These high quality ASX shares could be great options for retirees. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first option to consider for a retirement portfolio is this supermarket giant. It could be a good option due to its solid long term growth prospects, generous dividend policy, and defensive qualities.

Coles has been growing strongly during the pandemic. And while its growth will inevitably moderate now as its cycles heightened sales from a year earlier, Goldman Sachs is positive on its medium term growth.

Its analysts are forecasting earnings per share of 76 cents in FY 2021, 81 cents in FY 2022, and then 89 cents in FY 2023. This is expected to lead to dividends per share of 62 cents, 66 cents, and 73 cents, respectively.

If this proves accurate, it will mean a reliable and growing source of income for investors. Based on the current Coles share price of $17.04, this implies yields of 3.6%, 3.9%, and then 4.3%.

Goldman Sachs currently has a buy rating and $20.50 price target on its shares.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

Another option to consider for a retirement portfolio is Sydney Airport. This airport operator has been hit incredibly hard during the pandemic, but things are starting to look a lot more positive now.

With domestic travel rebounding strongly, save for the occasional lockdown, Sydney Airport’s terminals are becoming busier by the month. This bodes well for its earnings and dividends in the near term.

And while international travel may take some time to return to normal, that doesn’t necessarily mean you won’t receive a generous yield with its shares.

Goldman Sachs is forecasting dividends of 8.8 cents per share in FY 2021 and then 27.1 cents per share in FY 2022. Based on the current Sydney Airport share price of $6.12, this will mean yields of 1.4% and 4.6%, respectively.

The broker currently has a buy rating and $6.73 price target on its shares.

The post 2 excellent ASX shares for a retirement portfolio appeared first on The Motley Fool Australia.

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As well as being home to countless blue chip shares, the Australian share market is home to a good number of promising small caps.

Two small cap shares that could be worth adding to your watchlist are listed below. Here’s what you need to know about them:

Damstra Holdings Ltd (ASX: DTC)

The first small cap to watch is Damstra. It is a growing integrated workplace management solutions provider. Its cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets.

Demand has been growing strongly in recent years and has continued in FY 2021. For example, during the first half of FY 2021, the company reported a 29.6% increase in revenue to $13.3 million. It then followed this up with a 66% increase in third quarter revenue to $6.9 million.

The good news is that this is still only a fraction of its total addressable market (TAM). Management estimates that its TAM will be worth US$20 billion by 2022. This gives it a very long runway for growth.

Shaw and Partners currently has a buy rating and $1.88 price target on the company’s shares.

Mach7 Technologies Ltd (ASX: M7T)

Another small cap ASX share to watch is Mach7. It is a medical imaging data management solutions provider that allows users to create a clear and complete view of the patient. Users then use this to help them inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes.

Demand for its offering has been growing strongly and looks set to continue doing so thanks to favourable industry trends. One of those is teleheath, which management notes is creating a need for this type of technology.

According to management, the company’s TAM is estimated to be US$2.75 billion. This gives it a huge opportunity to grow into over the next decade.

Morgans is a fan of the company. It currently has an add rating and $1.68 price target on the company’s shares.

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The Pointsbet Holdings Ltd (ASX: PBH) share price has been an incredible performer over the last 12 months.

Since this time last year, the sports wagering company’s shares are up 108%.

What is PointsBet?

PointsBet is a growing sports wagering operator and iGaming provider offering innovative sports and racing betting products and services via its scalable cloud-based platform.

It currently operates in the ANZ and United States markets and is generating significant growth in both. For example, during the third quarter, the company reported a 236% increase in turnover to $905.2 million. This was driven by a 137% increase in Australian turnover to $423.2 million and a 431% increase in US turnover to $482 million.

The good news is the company is still only scratching at the surface of the latter market and looks well-placed to capture a growing slice of it.

This is thanks partly to its transformational five-year media partnership with NBC Universal. That deals sees PointsBet become the official sports betting partner of NBC Sports in the United States. Management notes that this partnership provides PointsBet with access to leading national and regional television and digital assets, with the largest sports audience of any US media company, accessing over 184 million viewers.

Can the PointsBet share price go higher?

One leading broker that believes the PointsBet share price still has a long way to run is Bell Potter.

A recent note reveals that its analysts currently have a (spec) buy rating and $20.10 price target on its shares. Based on the latest PointsBet share price of $12.50, this implies potential upside of 61% over the next 12 months.

Bell Potter is particularly positive on its opportunity in the United States.

Its analysts commented: “With partnership agreements in 14 US states, plus an online model requiring no land-based casino / racetrack partnership in Tennessee and Wyoming, PBH has set its target to increase its number of live US states from 6 to 18 plus Ontario by Dec 2022.”

“By Dec 2021, PBH sees the potential to be live in West Virginia, Tennessee, Virginia, Maryland, Arizona and Ohio, while during calendar year 2022 it is targeting a launch in Pennsylvania and Wyoming, as well as New York, Kansas, Missouri, Mississippi and Kentucky (subject to legislation). Including a launch in Ontario, could potentially see PBH operating in North American markets with a combined population of over 153m.”

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