On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week deep in the red. The benchmark index fell 0.95% to 7,063.6 points.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to start the week on a positive note. This is despite a poor finish to last week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 20 points or 0.3% higher this morning. On Wall Street, the Dow Jones fell 0.7%, the S&P 500 dropped 1.3%, and the Nasdaq tumbled 2.2%.

Public holidays

A number of states are observing public holidays on Monday. And while this won’t stop the Australian share market from opening, it could mean that trading volumes are lower than normal during today’s session.

Oil prices storm higher

Energy producers Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a good start to the week after oil prices charged higher. According to Bloomberg, the WTI crude oil price is up 3.1% to US$109.33 a barrel and the Brent crude oil price has risen 3% to US$112.67 a barrel. Despite this sizeable gain, oil prices posted their biggest weekly decline since November.

Gold price falls

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a difficult start to the week after the gold price pulled back on Friday night. According to CNBC, the spot gold price fell 0.8% to US$1,985 an ounce. The gold price softened amid rate hike optimism.

Iron ore price edges lower

The shares of BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) will be on watch on Monday following a slight pullback in the iron ore price on Friday night. According to Metal Bulletin, the spot benchmark iron ore price dropped 1.2% to US$154.50 a tonne. The two mining giants saw their US listed shares fall ~4% and ~3%, respectively, on Friday.

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• ‘What’s not to like’ about BHP (ASX:BHP) shares? Experts weigh in
• Despite its recent rally, the Northern Star (ASX:NST) share price is still trading 30% lower than in 2020
• Guess which 3 ASX 200 shares are among the top 10 dividend payers in the world
• 5 things to watch on the ASX 200 on Friday

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 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 Bruce Jackson.

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If you’re looking for growth shares, then look no further. Listed below are two ASX 200 growth shares which have been tipped for strong growth in the future.

Here’s why analysts rate them as buys:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX 200 growth share to consider is Domino’s. It is one of the world’s largest pizza chain operators with ~3,200 stores across the ANZ, Asia-Pacific, and European regions.

Its shares have fallen like dominoes in 2022 due to a softer than expected performance during the first half in Asia and a de-rating of growth shares.

The team at Morgans believe this has created a buying opportunity for investors and has recently upgraded its shares to an add rating with a $115.00 price target.

It said: “DMP remains a growth story. It has a platform to deliver a positive trajectory of sales and earnings as its store rollout strategy continues and network efficiencies increase. After a period of sustained weakness in the share price, we think now is the time to give DMP another look. We upgrade to ADD.”

NextDC Ltd (ASX: NXT)

Another ASX 200 growth share that could be a buy is NextDC. It is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud.

Especially given its world class network of data centres and its expansion into edge centres. The company also has its eyes on the Asia market and has opened up offices in a couple of key markets.

Citi is a fan and was impressed with its half year results. It currently has a buy rating and $14.55 price target on NextDC’s shares.

The broker said: “NXT delivered a strong result with increasing utilisation of Gen 2 assets driving solid revenue growth and margin expansion, while revenue metrics improved HoH (revenue per MW up 7% HoH). While the current backlog underpins FY23e earnings, we have lowered our forecasts to reflect a slower ramp and conversion of the pipeline. We maintain our Buy call and see the conversion of Hyperscale customer commitments in Sydney and Melbourne as the next key catalyst.”

The post 2 fantastic ASX 200 growth shares to buy according to analysts appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares to buy now that are NOT mining stocks
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Motley Fool contributor James Mickleboro owns NEXTDC 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 Dominos Pizza Enterprises 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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Are you looking for dividend shares to buy? If you are, then you might want to look at the shares listed below that have been named as buys by analysts.

Here’s why these ASX 200 dividend shares could be worth considering right now:

National Australia Bank Ltd (ASX: NAB)

The first ASX 200 dividend share that could be in the buy zone is NAB. This is due to its strong position in business banking, the positive outlook for interest rates, and its acquisition of Citi’s Australian consumer business. The latter will fill a gap in its offering and support its future growth.

Bell Potter is very positive on NAB and has a buy rating and $32.50 price target on its shares.

The broker is also expecting attractive yields in the coming years, with fully franked dividends per share of 132.5 cents in FY 2022 and 134.5 cents in FY 2023. Based on the current NAB share price of $29.94, this will mean yields of 4.4% and 4.5%, respectively, over the next couple of years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share to look at is Australia’s largest telecommunications company, Telstra.

It could be a quality option for income investors due to its increasingly positive outlook. This follows years of earnings declines and dividend cuts brought about by the rollout of the NBN.

The key to its positive outlook will be the T25 strategy, which has management targeting solid and sustainable growth in the coming years. Combined with 5G and rational industry competition, some analysts are tipping Telstra to soon increase its dividend for the first time in almost a decade.

In the meantime, the team at Morgans is expecting fully franked 16 cents per share dividends in FY 2022 and FY 2023. Based on the current Telstra share price of $3.84, this will mean yields of 4.2%.

Morgans has an add rating and $4.56 price target on its shares.

The post 2 buy-rated ASX 200 dividend shares with top yields appeared first on The Motley Fool Australia.

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• Why was everyone talking about the Telstra (ASX:TLS) share price today?
• Own Telstra shares? Here’s why the telco faces new legal action

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 no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra 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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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

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

Lovisa Holdings Ltd (ASX: LOV)

According to a note out of Morgans, its analysts have retained their add rating and $24.00 price target on this fashion jewellery retailer’s shares. The broker has been looking at the retail sector and picked out Lovisa as one of its top picks. It likes the company due to its belief that it will continue to grow whatever happens to consumer sentiment. Especially with its new management team and global expansion plans. The Lovisa share price ended the week at $17.89.

Ramsay Health Care Limited (ASX: RHC)

A note out of Citi reveals that its analysts have a buy rating and $75.00 price target on this private hospital operator’s shares. The broker highlights that the company’s 53% owned Ramsay Santé business is aiming to acquire Swedish listed GHP Specialty Care for 228 million euros or ~30x 2021 EBIT. While Citi feels this is quite expensive, it believes the transaction would complement Ramsay’s Nordic-based Capio business. Overall, regardless of this deal completing, the broker feels Ramsay is well-placed for several years of positive earnings momentum as the pandemic subsides. The Ramsay share price was fetching $60.71 at Friday’s close.

Whitehaven Coal Ltd (ASX: WHC)

Analysts at Goldman Sachs have retained their buy rating and lifted their price target on this coal miner’s shares to $4.70. Goldman increased its valuation to reflect an increasingly positive thermal coal price outlook due to supply side issues in Indonesia, Australian, and Russia. In addition, it sees a compelling de-gearing and capital returns story emerging. The Whitehaven Coal share price ended the week at $4.04.

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

More reading

• Why Core Lithium, Nickel Mines, SG Fleet, and Whitehaven Coal are pushing higher
• 3 excellent ASX growth shares analysts believe have huge upside potential
• Why Goldman says to buy these ASX coal shares right now
• Morgans picks its top 3 ASX retail shares to buy today
• 4 ASX healthcare shares at 52-week lows

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings Ltd and Ramsay Health Care 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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Some ASX dividend shares offer income yields of more than 5%. Banks are certainly not offering that level of income from savings accounts at the moment.

But a business isn’t worth buying just because it pays a dividend, even if the yield is large.

The share price also has to make sense for it to be an attractive valuation.

Here are two ASX dividend shares with attractive yields and good valuations according to brokers:

Nick Scali Limited (ASX: NCK)

Nick Scali is rated as a buy by the broker Citi, with a price target of $17.60. At the current Nick Scali share price, Citi thinks that it will pay a grossed-up dividend yield of 9.5% in FY22.

The FY22 half-year result from the furniture business was stronger than the broker was expecting and it still has more good sales lined up with its order book.

In the first six months of FY22, Nick Scali grew its revenue by 5.4% to $180.3 million, though net profit fell by 6.6%. It paid an interim dividend of $0.35 per share.

The ASX dividend share explained that more than half of its store network was closed during the first quarter. There were also production delays, particularly in Vietnam, which was in lockdown for a period of three months.

Nick Scali’s gross profit margin increased 30 basis points to 64.3%, though the acquired business Plush had a gross profit margin of 54.8%.

January 2022’s outstanding order bank was 70% higher than last year.

Over the long-term, the company is aiming to reach at least 85 Nick Scali stores and 90 to 100 Plush stores.

The online division of Nick Scali is making a high level of profit – half-year revenue was $13.7 million, with earnings before interest and tax (EBIT) of $8 million.

GQG Partners Inc (ASX: GQG)

GQG is a fund manager with around US$90 billion of funds under management (FUM).

Since the start of the year, the GQG share price has fallen by more than 25%.

But its FUM on 31 December 2021 was US$91.2 billion. The FUM only fell 1.5% to US$89.8 billion by 28 February 2022, so GQG shares have fallen much further in percentage terms.

The company noted in the monthly FUM update for February 2022 that there has been extraordinary volatility, but it has continued to see positive net flows. It added $1.6 billion of net flows in February, taking the company to $2.5 billion in net new flows in the year to date.

All of the fund manager’s investment strategies show outperformance over three and five years.

It also noted that the ASX dividend share has very limited direct exposure to Russia in its investment strategies.

GQG has committed to paying a high level of profit out as a dividend for investors. In the recently-reported result for the period ending 31 December 2021, it paid out 90% of its profit generated since the initial public offering (IPO).

The business is currently rated as a buy by the broker Morgans with a price target of $2.27. based on the broker’s FY22 expectations, GQG has a forecast dividend yield of 7.1%.

The post 2 ASX dividend shares with yields above 5% appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Why Aurelia Metals, Brambles, GQG, and Nickel Mines shares are falling
• Why Bapcor, GQG, Smartgroup, and Woodside shares are dropping
• Why Block, GQG, Qantas, and Unibail-Rodamco-Westfield are sinking today
• Top brokers name 3 ASX shares to buy next week

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 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 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 investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

Appen Ltd (ASX: APX)

According to a note out of Macquarie, its analysts have retained their underperform rating and $5.70 price target on this artificial intelligence data services company’s shares. This follows news that the company has made a small investment in a synthetic data company Mindtech. Macquarie notes that this will give Appen exposure to a growing synthetic data market and expanding its addressable opportunity. However, this isn’t enough for a more positive view. Macquarie continues to have concerns about its outlook and lack of guidance in FY 2022. The Appen share price ended the week at $6.81.

Commonwealth Bank of Australia (ASX: CBA)

Another note out of Macquarie reveals that its analysts have retained their underperform rating and $90.00 price target on this banking giant’s shares. Macquarie believes that Australian banks are likely outperform the broader market in the early stages of the Reserve Bank’s rising-rate cycle. This is despite risks to the global economy stemming from Russia’s invasion of Ukraine. However, it believes other banks are better placed to experience margin benefits and continues to see its shares as expensive. The CBA share price was fetching $99.38 at Friday’s close.

Fortescue Metals Group Limited (ASX: FMG)

Analysts at Citi have retained their sell rating and cut their price target on this iron ore miner’s shares to $16.00. While the broker acknowledges that iron ore prices are likely to remain strong in 2022, it isn’t enough for a more positive view. Particularly given Citi’s concerns over the company’s Fortescue Future Industries business. The Fortescue share price ended the week at $18.23.

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

More reading

• Guess which 3 ASX 200 shares are among the top 10 dividend payers in the world
• Why has the CBA (ASX:CBA) share price climbed 7% so far this month?
• Own Fortescue (ASX:FMG) shares? Here’s why the miner has just hired the RBA’s deputy governor
• Is the Fortescue (ASX:FMG) share price a buy right now?
• Here’s why the Appen (ASX:APX) share price is up 6% today

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. owns and has recommended Appen Ltd. The Motley Fool Australia owns and has recommended Appen 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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Are you interested in adding some more ASX shares to your portfolio?

Three ASX growth shares that could be worth considering are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX growth share to look at is Altium. It is a printed circuit board (PCB) design software provider which could be worth considering due to its leading position in a market exposed to the Internet of Things and artificial intelligence booms. The proliferation of electronic devices these markets are causing is expected to lead to increasing demand for its software over the next decade.

Bell Potter is positive on Altium and currently has a buy rating and $38.75 price target on its shares.

The broker has been pleased with Altium’s shift to subscriptions and sees the company as a potential takeover target. In respect to the latter, it said: “Altium has already received an unsolicited takeover offer from Autodesk at $38.50 which was rejected. Our view is Autodesk’s Fusion 360 platform is lacking a high powered ECAD offering so we believe Autodesk would still be very interested in Altium and may come back with a revised offer.”

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. It has bounced back strongly from the pandemic and appears to be winning market share from its rivals. Another positive is that its digital business, now called Pixel United, continues to grow strongly and generate significant recurring revenues.

Morgans is a fan of the company. It has an add rating and $48.00 price target on its shares.

The broker has previously noted that Aristocrat is “clearly excelling in the land based arena” and that its digital business is “well placed in the current environment with strong demand expected.”

Life360 Inc (ASX: 360)

A final ASX growth share to look at is Life360. This growing technology company is responsible for the Life360 mobile app. This market leading app is for families and offers useful features such as communications, driver safety, and location sharing. As of its last update, the company’s user base had reached over 30 million globally. This is generating significant recurring revenues and opens the door to material cross and upselling opportunities for its recently acquired businesses. These are wearables company Jiobit and items tracking company Tile.

Bell Potter is bullish on the company’s future. It currently has a buy rating and $10.00 price target on its shares.

The broker said: “[Life360] remains a key pick and we believe has been oversold as, despite currently being loss making, has ample cash to fund it through to cash flow breakeven or positive in 2023 or 2024 while maintaining strong top line revenue growth and realising the synergy benefits from the recent Tile acquisition.”

The post 3 ASX growth shares brokers rate as buys appeared first on The Motley Fool Australia.

More reading

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• 2 high quality ASX growth shares analysts believe have 20%+ upside
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• Altium (ASX:ALU) share price hinges on this key detail, top brokers say
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Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Altium and Life360, Inc. 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 Bruce Jackson.

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If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

This is because rather than deciding on which individual shares to put your money into, ETFs allow you to invest in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are proving to be popular with investors right now:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for investors to look at is the BetaShares Asia Technology Tigers ETF. This ETF tracks the performance of an index comprising ~50 of the largest technology and online retail shares in Asia (excluding Japan). BetaShares notes that due to its younger, tech-savvy population, Asia is surpassing the West in terms of technological adoption. As a result, the sector is expected to remain a growth sector for some time to come. Among the ETF’s holdings are Alibaba, Baidu, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF to look at is the BetaShares Crypto Innovators ETF. BetaShares notes that this very high risk ETF provides “picks and shovels” exposure to the companies that are building crypto mining equipment, crypto trading venues, and other key services that allow the crypto economy to grow. At present, the ETF is invested in up to 36 crypto leaders such as Coinbase, Riot Blockchain, and Microstrategy. It also owns shares with indirect exposure such as Block/Square, PayPal, and Robinhood.

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

A final ETF to look at is the ETFS Battery Tech & Lithium ETF. The fund manager, ETFS, notes that this ETF offers investors exposure to the energy storage and production megatrend. This includes companies involved in the supply chain and production for battery technology and lithium mining. It notes that demand for energy storage is being driven by the movement towards emissions reduction and renewable energy, which bodes well for companies included in the fund. This includes AMG Advanced Metallurgical Group, Lockheed Martin, and Australian lithium miner Pilbara Minerals Ltd (ASX: PLS).

The post 3 exciting ETFs ASX investors need to know now appeared first on The Motley Fool Australia.

More reading

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• Check out these ETFs in March

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. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. 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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I’m a big fan of buy and hold investing and believe it is one of the best ways for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the two ASX shares that are listed below:

CSL Limited (ASX: CSL)

The CSL share price has generated strong returns for investors over the last decade. This has been driven by consistently solid profit growth underpinned by strong demand for its immunoglobulins, its high level of investment in research and development, and successful acquisitions. Over the period, the company’s shares have provided a total return of 23.7% per annum, which would have turned a $20,000 investment in 2012 into almost $170,000 today.

Goodman Group (ASX: GMG)

Thanks to the expert positioning of this integrated industrial property company’s portfolio to in-demand areas such as ecommerce and logistics, Goodman has been a market beater over the last 10 years. During this time, Goodman’s shares have delivered a total return of 21.8% per annum. This means that if you would have invested $20,000 into its shares 10 years ago, it would now be worth almost $145,000.

SEEK Limited (ASX: SEK)

This job listings giant has been a great place to invest over the last decade. Thanks to its domination of the local market and its growing international operations, SEEK has delivered solid revenue and earnings growth over the period in question. This has ultimately led to the company’s shares generating a total return of 17.3% per annum since 2012. Which would have turned $20,000 into just under $100,000.

The post $20k invested in these ASX shares 10 years ago is now worth… appeared first on The Motley Fool Australia.

More reading

• The CSL (ASX:CSL) share price has struggled to gain traction in 2022. Does that make it cheap?
• 3 blue chip ASX 200 shares analysts are tipping as buys
• You can’t pick the bottom, but these 4 ASX shares are already bargains: expert
• Why CSL, Incitec Pivot, Lake Resources, and St Barbara are pushing higher
• CSL (ASX:CSL) share price lifts following new regulatory approval

Motley Fool contributor James Mickleboro owns SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has recommended SEEK 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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The CSL Limited (ASX: CSL) share price has struggled since the start of 2022. It’s down over 13%. Does that mean that the ASX healthcare share is cheap?

It’s now lower than it was at the bottom of the COVID-19 crash.

What’s going on with the CSL share price?

My colleague Tony Yoo has quoted the fund manager Jun Bei Liu from investment manager Tribeca.

She said pointed out that healthcare names have underperformed, not because of the war but because they were expensive companies relative to other sectors.

There is also the prospect of much faster interest rate hikes to combat the high level of inflation that the world is seeing.

Billionaire Ray Dalio from investment group Bridgewater Associates once said about interest rates:

It all comes down to interest rates. As an investor, all you’re doing is putting up a lump sum payment for a future cash flow.

The CSL share price initially rose after investors got a look at the result, but it has since dropped back.

To be able to call something “cheap”, knowing how much profit a business is generating can be useful.

FY22 half-year result

CSL reported a net profit after tax (NPAT) of $1.67 billion for the first six months of FY22, which was down 5% in constant currency terms. However, revenue was up 4% in constant currency terms.

Management said that was strong growth in a number of areas for the business, whilst HPV royalties rebounded strongly (up 134%). Seqirus, the influenza vaccine business, was one of the segments that saw a strong performance with revenue up 17% in constant currency terms.

Ig and albumin sales were limited by constrained plasma collections in FY21.

In FY22, the net profit is expected to be in the range of between $2.15 billion to $2.25 billion at constant currency.

The interim dividend was increased by 8% in Australian dollar terms to A$1.46 per share.

Acquisition

The company also recently announced that it was acquiring Vifor Pharma, a global specialty pharmaceutical company with leadership in renal disease and iron deficiency.

Management said this will represent a meaningful acceleration of its 2030 strategy by further enhancing its focus on therapeutic leadership areas, innovation and sustainable growth.

Is the CSL share price a cheap buy?

When talking about CSL, Resmed CDI (ASX: RMD) and Cochlear Limited (ASX: COH), the fund manager Liu said:

All of them have reported pretty good numbers… And since then the share prices have come off again

All of that together makes these companies absolute standouts. When there’s a rebound it is these companies that will be the first ones to move [upwards]. They have pricing power. They can apply faster price increases so that their earnings growth is not going to be impacted. These companies will continue to grow.

Plenty of brokers also think that CSL is a buy, such as Citi, with a price target of $335. Morgans is another broker with a positive outlook – it rates CSL as a buy with a price target of $327.60.

On Citi’s numbers, the CSL share price is valued at 30x FY23’s estimated earnings.

The post The CSL (ASX:CSL) share price has struggled to gain traction in 2022. Does that make it cheap? appeared first on The Motley Fool Australia.

More reading

• $20k invested in these ASX shares 10 years ago is now worth…
• You can’t pick the bottom, but these 4 ASX shares are already bargains: expert
• Why CSL, Incitec Pivot, Lake Resources, and St Barbara are pushing higher
• CSL (ASX:CSL) share price lifts following new regulatory approval
• ASX 200 (ASX:XJO) midday update: CSL and St Barbara charge higher

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. owns and has recommended CSL Ltd. and Cochlear Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended Cochlear Ltd. and ResMed Inc. 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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