The Paladin Energy Ltd (ASX: PDN) share price has been a strong performer on Wednesday.

In morning trade, the uranium producer’s shares are up 9% to 76.5 cents.

Why is the Paladin Energy share price shooting higher?

Investors have been bidding the Paladin Energy share price higher today after it was the subject of a broker note out of Bell Potter.

According to the note, the broker has upgraded the company’s shares to a speculative buy rating with a 96 cents price target.

Even after today’s strong gain by the Paladin Energy share price, this price target implies potential upside of 25% for investors over the next 12 months.

Why did Bell Potter upgrade its shares?

Bell Potter made the move in response to a recent pullback in the Paladin Energy share price, which it believes was “an over-reaction.” It also sees value in its shares given the ongoing recovery in uranium prices from cyclical lows.

The broker explained: “We have upgraded our recommendation for PDN to Speculative Buy (from Speculative Hold), maintaining our NPV-based valuation of A$0.96/sh. The Uranium price continues to recover from cyclical lows, as limited near-term supply spurs the spot market, whilst the global path to decarbonisation re-shapes the role of nuclear energy over the longer-term.”

Its analysts also highlight that Paladin Energy remains one of the best ways to gain exposure to uranium on the Australian share market and see further upside potential from upcoming events.

Its analysts added: “PDN represents the largest and most liquid exposure to uranium on the ASX, with the pending restart decision at their flagship LHM. In our opinion, further upside may come from expansion of the resource base, extending the LHM mine life and/or materially higher uranium pricing.”

The post Paladin Energy (ASX:PDN) share price jumps 9% on broker upgrade appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Monday
• 5 ASX shares making big news this week
• These 3 ASX 200 shares are topping the volume charts on Friday
• Why is the Paladin Energy (ASX:PDN) share price crashing 14% today?
• ASX uranium shares plummet amid Ukraine power station attack

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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Australians have been shown to be a sceptical bunch, according to the results of a recent international study.

According to a global survey conducted by consumer research firm Toluna, the majority of Australians (52%) have declared they would never invest in cryptocurrencies.

This compares to an average of just 10% in other countries.

And to double down, 34% of Aussies think crypto is “just hype” and would “crash soon”.

Rat poison squared?

Perhaps Australians have much in common with famous US investor Warren Buffett, who once called Bitcoin (CRYPTO: BTC) “probably rat poison squared”.

Neither he nor his longtime right-hand man Charlie Munger can understand how an asset with no intrinsic value can appreciate so rapidly.

Cryptocurrencies like Bitcoin and Ethereum (CRYPTO: ETH) are only worth something because there is a demand for them.  

However, digital currency proponents argue that the value of fiat currencies are also artificially created by demand.

Sovereign currencies like the US dollar, UK pound or the Australian dollar are not representative of any good. They simply hold value through social agreement.

Although some countries hold gold reserves, they are not linked to the amount of money in circulation.

Is crypto the solution for developing economies?

Continuing the sceptical streak, the majority of Australians (51%) also thought cryptocurrency is a project with no guarantee of success.

The biggest reasons why Aussies avoided investing in crypto were:

• Fear of risk, felt by 44% of Australians
• Lack of understanding of cryptocurrency, felt by 34% of Australians

Toluna’s international survey also showed people in developing countries were far more open to the idea of cryptocurrencies than investors in wealthier nations.

“The most receptive countries to cryptocurrency were Vietnam, the Philippines, Thailand, and India,” stated Toluna.

“62% of respondents in Latin America believed cryptocurrency was a long-term upward trend, compared to 15% in North America.”

This can be attributed to the lower level of trust in financial institutions and governmental organisations in poorer countries. Significant parts of the population in such regions don’t have a bank account.

While El Salvador is the only nation to count cryptocurrency as legal tender after it legalised Bitcoin last year, experts have predicted more developing economies would follow.

The post 52% of Aussies will never put money in this investment appeared first on The Motley Fool Australia.

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• How might Visa and Mastercard’s Russia ban impact the Bitcoin price?
• Why Ethereum, Solana, and Cardano dropped today
• Why the Bitcoin price should surge to US$50,000 in March: expert
• Considering adding crypto to your super? Read this
• More valuable than the rouble: How the Ukraine crisis is now boosting the Bitcoin price

Motley Fool contributor Tony Yoo owns Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin and Ethereum. The Motley Fool Australia owns and has recommended Bitcoin and Ethereum. 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 Accent Group Ltd (ASX: AX1) share price is heading south during early morning trade on Wednesday. This comes despite the fashion shoe retailer not releasing any market-sensitive news today.

At the time of writing, Accent shares are down 0.90% to $1.66 apiece.

Why are Accent shares falling today?

While the company posted a disappointing first-half result, investors are selling Accent shares as they go ex-dividend today.

This means that investors who bought the company’s shares on Monday will be eligible for the upcoming dividend. Anyone who purchases the shares today will miss out as the previous seller has secured the dividend.

Historically, when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out.

When can Accent shareholders expect payment?

For those eligible for Accent’s interim dividend, shareholders will receive a payment of 2.5 cents per share on 17 March. The dividend is fully franked which means that investors will receive tax credits to put towards their tax bill.

The board reduced the latest dividend by 69% from the 8 cents declared in the prior comparable period.

On an annualised basis, Accent has a trailing dividend yield of 6.72%.

Are Accent shares a buy now?

Following the company’s H1 FY22 results, a number of brokers weighed in on the Accent share price.

The team at Morgans as well as Wilsons, both slashed their 12-month price target by 4.2% to $2.30 apiece. Based on the current share price, this implies an upside of roughly 37% according to the brokers.

However, UBS analysts had a different view, reducing its outlook on Accent shares by 9.1% to $2.50. This represents an upside of almost 50% from where the company’s shares are trading today.

Accent share price summary

Over the past 12 months, the Accent share price has declined by around 28%. It’s worth noting that these losses have come from year to date, which Accent is down 31%.

Based on valuation grounds, Accent commands a market capitalisation of around $907.63 million and has approximately 541.87 million shares outstanding.

The post Why is the Accent (ASX:AX1) share price further sliding today? appeared first on The Motley Fool Australia.

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• 2 cheap ASX dividend shares analysts rate as buys
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• Accent (ASX:AX1) dividend alert: Here’s all the details you need to know

Motley Fool contributor Aaron Teboneras 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 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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The Origin Energy Ltd (ASX: ORG) share price is on the move on Wednesday morning.

At the time of writing, the energy company’s shares are up 2% to $5.91.

This means the Origin share price is now up 10% since the start of the year.

Why is the Origin share price charging higher today?

The catalyst for the rise in the Origin share price on Wednesday has been the release of a positive announcement this morning.

According to the release, Origin has decided to return funds to shareholders through an on-market $250 million share buyback which will commence in April.

Origin’s CEO, Frank Calabria, said: “Origin is in a strong financial position, with a robust outlook for the business and a capital structure comfortably within our target range. This means we are now in a position to increase shareholder distributions with a share buyback of $250 million. Going forward, we will continue to balance expected increased cash flow available for shareholder distributions with growth investments.”

The company also revealed that further capital management initiatives may be considered over time. This will be subject to operating conditions and capital allocation alternatives.

Origin’s refreshed strategy

In a separate announcement, Origin has provided an update on its refreshed strategy.

Management advised that its ambition with this strategy is to lead the transition to net zero through cleaner energy and customer solutions.

It wants to achieve this while at the same time cutting its costs. Origin is aiming to be the lowest cost retailer and is targeting a $200 million to $250 million cash cost reduction by FY 2024 based on FY 2018 costs. This will be supported by its scalable Kraken platform which aims to deliver a superior customer experience at lowest cost.

Origin also revealed that it aims to have 5,000 electric vehicles under management by FY 2026 with its full end-to-end EV fleet management solution.

Judging by the Origin share price performance today, investors appear pleased with what it heard.

The post Origin (ASX:ORG) share price higher on $250m buyback and refreshed strategy appeared first on The Motley Fool Australia.

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• All eyes on energy: Origin (ASX:ORG) share price surges 4%
• Why did AGL (ASX:AGL) shares smash Origin in February?
• Why is the Origin (ASX:ORG) share price edging lower today?
• Origin (ASX:ORG) share price lifts amid green hydrogen news

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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The Tyro Payments Ltd (ASX: TYR) share price has sunk 46% since the start of 2022.

From the 2 November 2021, the payments business has actually sunk by 61%.

Fund manager Chris Prunty from QVG Capital outlined to Livewire why Tyro Payments could actually be a promising idea.

What does it do?

Tyro may not be a household name (yet?), but the company is used by thousands of small businesses around the country. It provides payment terminals for businesses like cafes and retailers.

What has happened to the Tyro share price?

Many analysts judged that the company didn’t perform to expectations in the first half of FY22.

Half-year transaction value grew by 30.6% to $15.8 billion, revenue rose 29.9% to $149.2 million and payments gross profit (before the Bendigo and Adelaide Bank Ltd (ASX: BEN) profit share) grew 25.4% to $68.1 million. However, statutory gross profit only increased 16.3%. The ‘normalised’ earnings before interest and tax (EBIT) sank 322.2% to a loss of $10.9 million and the statutory loss before tax worsened by 430% to $18.1 million.

Ord Minnett and Morgans both rate the business as a buy, but noted that margins and costs were worse than expected. Brokers are expecting growth from the business.

Why is the Tyro share price an opportunity?

Speaking to Livewire, Mr Prunty believes that Tyro is going to be profitable next year and also start generating free cash flow. This may mean that more investors start looking at the business, particularly the ones that exclude unprofitable businesses from their watchlist.

He said that to some investors it looks “untouchable”, but when it does get to profitability, then “that future could look quite different”.

How is the company’s most recent trading activity going?

Whilst margins aren’t what some investors were expecting in the first half, Tyro does continue to grow.

In January, the business saw its transaction value increase by 35% year on year to $2.7 billion. E-commerce transactions are growing quickly from a small base, growing 836% to $36.5 million. The payments business saw a gross profit of $11.1 million, up 24%. In its banking business, loan originations in the first seven weeks of 2022 were $5.8 million – up 1,099%.

The February growth was even faster. Transaction value up to 18 February was up 50% on the same period last year to $1.8 billion.

Tyro share price snapshot

Over the last year, Tyro shares have fallen by 51%.

The post The Tyro share price (ASX:TYR) has crashed 45% in 2022. Here’s why this fundie says ‘the future could look quite different’ 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. owns and has recommended Tyro Payments. The Motley Fool Australia owns and has recommended Bendigo and Adelaide Bank Limited. The Motley Fool Australia has recommended Tyro Payments. 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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Inflation and war have killed morale in the share market this year.

Despite a mini-revival in February, the S&P/ASX 200 Index (ASX: XJO) is still more than 7% down for the year.

And no one knows when the carnage will stop.

Tribeca portfolio manager Jun Bei Liu reminded investors of the old axiom that trying to guess when the market has hit a trough is a fool’s game.

But if you already have an idea that ASX shares are pretty cheap, you need to strike.

“It’s hard to pick the very bottom,” she told Switzer TV Investing.

“But you know it’s coming. Maximum uncertainty is the time when you should start at least accumulating your positions.”

The idea is that if you can buy shares in quality companies at a roughly reasonable price then you will win in the long run, regardless of whether you bought exactly at the bottom.

So with that in mind, here are some ASX shares that Liu would buy at the moment:

Great reporting season, but all these ASX shares are down

Job classifieds site Seek Limited (ASX: SEK) has seen its shares plunge more than 20% this year.

This just makes Liu more hungry to add more of the stock to her portfolio.

“One of the best results out of reporting season was Seek,” she said.

“And look at the share price. It led to a double-digit earnings upgrade and the share price is lower than what it [was] before.”

Ord Minnett senior investment adviser Tony Paterno last week agreed that Seek is a stock to buy after an impressive updated guidance.

“We expect Seek to continue extracting value during the next 12 to 18 months.”

Liu is also bullish on ASX healthcare shares, especially those “blue chips” that have established track records.

“If you look at healthcare names, they have underperformed. Not because of the war, but they’ve underperformed because they were expensive companies, relative to other sectors.”

She specifically named CSL Limited (ASX: CSL), Resmed CDI (ASX: RMD) and Cochlear Limited (ASX: COH) as ones to target right now.

“All of them have reported pretty good numbers… And since then the share prices have come off again,” Liu said.

“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].”

The benefit of betting on market leaders is that when interest rates inevitably move up, they will be ready for combat.

“They have pricing power. They can apply faster price increases so that their earnings growth is not going to be impacted,” she said.

“These companies will continue to grow.”

The post You can’t pick the bottom, but here are 4 ASX shares already bargains appeared first on The Motley Fool Australia.

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• Why CSL, Incitec Pivot, Lake Resources, and St Barbara are pushing higher
• CSL (ASX:CSL) share price lifts following new regulatory approval
• Why does this broker say to sell Cochlear (ASX:COH) shares in 2022?
• ASX 200 (ASX:XJO) midday update: CSL and St Barbara charge higher
• 2 blue chip ASX 200 shares analysts rate as buys this month

Motley Fool contributor Tony Yoo owns CSL Ltd., Cochlear Ltd., and ResMed Inc. 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., ResMed Inc., and 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 WiseTech Global Ltd (ASX: WTC) share price has been climbing of late, adding to its gains from last week.

This comes despite the logistics solutions company not releasing any price-sensitive announcements to the ASX this week.

At yesterday’s market close, WiseTech shares finished 2.39% higher to $45.36 apiece.

WiseTech shares set to go ex-dividend

While the company has been quiet on the news front lately, investors are buying up WiseTech shares.

This is most likely because of the upcoming ex-dividend date for WiseTech shares.

Investors need to buy WiseTech shares before market close on Thursday to be eligible for the interim dividend. The ex-dividend date is Friday 11 March.

It’s worth noting though that, historically, when a company reaches its ex-dividend day, its shares tend to fall in proportion to the dividend paid out. This is because investors tend to sell off the company’s shares after securing the dividend.

When can WiseTech shareholders expect payment?

For those who are eligible for the WiseTech interim dividend, shareholders will receive a payment of 4.75 cents per share on 8 April. The dividend is also fully franked which means shareholders can expect to receive tax credits from this.

In addition, investors can elect for the dividend reinvestment plan (DRP) which will add a portion of shares to their portfolio instead.

There is no DRP discount rate, however, the price will be determined by the daily volume-weighted average (VWAP) from 16 March to 22 March.

The last election date for shareholders to opt-in to the DRP is on 15 March.

The $16.8 billion half-year dividend represents a payout of 20% of underlying net profit after tax (NPAT).

WiseTech share price snapshot

Since the beginning of 2022, the WiseTech share price has fallen more than 22% but is up around 73% in the last 12 months.

The company’s shares reached a 52-week high of $60.40 in December, before treading 25% lower on today’s price.

WiseTech commands a market capitalisation of roughly $14.80 billion and has a trailing dividend yield of 0.14%.

The post Time is running out to lock in the WiseTech (ASX:WTC) dividend. Here’s why appeared first on The Motley Fool Australia.

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• Glitch! Why are ASX tech shares getting hammered on Monday?
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• Great expectations: Why is the Wisetech (ASX:WTC) share price not gaining more today?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended WiseTech Global. The Motley Fool Australia owns and has recommended WiseTech Global. 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 Fortescue Metals Group Limited (ASX: FMG) share price is in focus after the company announced it is working with Airbus on decarbonisation.

Fortescue Future Industries (FFI) is on a mission to try to decarbonise heavy industry where it’s hard to reduce emissions.

Airbus is one of the biggest aircraft makers in the world.

FFI and Airbus are aiming to help decarbonise the aviation industry with zero-emission green hydrogen.

What’s the decarbonisation idea?

Fortescue Future Industries is looking to become a world-leading producer of green hydrogen. This is where hydrogen is made from water using 100% renewable electricity. It expects to be able to produce an increasing amount of green hydrogen in the coming years.

Airbus and FFI aim to leverage their respective expertise to support an entry-into-service of a green hydrogen-based aircraft by 2035.

They have signed a memorandum of understanding which will allow both companies to collaborate closely, as one focused taskforce, to implement green hydrogen as a fuel within the aviation industry.

What are some of the challenges?

Fortescue Future Industries and Airbus will be looking at some of the challenges surrounding green hydrogen including regulations, infrastructure and global supply chains. This ranges from the production of green hydrogen, all the way to the delivery to airports and transfer onto aircraft.

It was revealed that, under the signed memorandum of understanding, FFI will provide cost outlook and technology drivers on the various elements of the supply chain and will build infrastructure deployment scenarios for the supply of green hydrogen to targeted airports. Airbus will provide characteristics on fleet energy usage, scenarios for hydrogen demand in aviation, refuelling specifications and aviation regulatory framework.

Leadership commentary

The FFI founder and Chair Dr Andrew Forrest points out that the global aviation industry accounts for more than 2.5% of global carbon dioxide emissions. Those emissions have doubled since the 1980s.

Dr Forrest said:

The time is now for a green revolution in the aviation industry. This exciting collaboration brings together leaders in the aviation industry with leaders in green energy for a pollution-free future.

We are all citizens of a global world. People want to travel, reunite with family and friends and explore new places without being forced to pollute the planet. The problem isn’t travel, the problem is how we fuel our planes and ships – all of that must turn emissions free. No greenwash, no mirage, just 100% green.

FFI also included a quote from the Airbus Vice President of Zero Emissions Aircraft Glenn Llewellyn:

Airbus has identified green hydrogen as the most promising option for decarbonisation to meet our environmental challenges. You heard it here first: We are starting the green aviation revolution.

Fortescue share price snapshot

Since the start of 2022, Fortescue shares are down 6%.

The post Will the Fortescue (ASX:FMG) share price fly as it links up with Airbus? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns Fortescue Metals Group 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 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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Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Monash Investors portfolio manager Sebastian Correia shows the criteria that he puts ASX shares through when deciding whether to buy.

Hottest ASX shares

The Motley Fool: What are the 2 best stock buys right now?

Sebastian Correia: I’m going to have to disappoint you a little bit because I had a good think about this, and it’s really very hard to answer the question appropriately without knowing the reader’s risk tolerance, investment horizon, and ESG requirements.

So what I thought instead, I might give you 3 characteristics that I personally look for in a company as economies start to or continue to experience inflationary pressures and heightened geopolitical risk at the moment. Something that I use as a very good starting point to assess companies, and hopefully readers will find it useful. 

I should say it’s not an exhaustive list. For example, management quality and experience is very important but, unfortunately, not every investor has access to management like we do. 

Nevertheless, out of the 3 things that I think are absolutely critical when assessing a company at the moment, the first one is pricing power.

So the company has to be able to effectively pass on price increases to its customers. It’s critical in our inflationary environment obviously to protect margins. But also, the knock-on effect is, down the track, it provides the company with a stronger competitive position to actually take advantage of those that don’t have that ability to pass on their price increases. Statistically, and there’s been a lot of studies on this, margin resilience has been a pretty good barometer of business survivability in the past.

It’s also quite important for valuation because when margins compress, generally the market price or the stock will decline to adjust for the contraction in the valuation multiple. So by being quite prudent on companies you invest in, if they have pricing power, you actually protect yourself from two elements, not just the valuation multiple that it trades at, but also the underlying earnings that it could achieve in an inflationary environment.

Number two, free cash. It has to be free cash-flow positive, or at least operating cash-flow positive, and preferably net cash. If not net cash, very low debt on the balance sheet. This one is pretty self-explanatory, but it’s very important. So easy to miss because it seems obvious. 

I’m sure if interest rates rise, the more cash the company generates, the better-placed management will be to make optimal capital decisions. For example, paying down debt as interest rates rise or bolstering up the balance sheet to make acquisitions that turn up as an opportunity.

Then last but not least, number three, for us anyway, because we like to make investments in companies that are going to go through some sort of step change in earnings that will allow us to anticipate a repricing by market. The company has to have some sort of tailwind behind it. 

It’s very difficult to swim against the tide. Just ask Kodak, for example. It has to be leveraged to some sort of tailwind to allow it to not just get lost in a broader sell-off from a sector or thematic purpose, particularly in the ever-increasing influence of passive, bespoke investment vehicles like ETFs, thematic ETFs. 

So those are the three. I look at those 3 every day when I’m looking at a company and, hopefully, it will be useful to the readers.

The post 3 things I always check before buying an ASX share: expert appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo 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 currently building an income portfolio, then you may want to look at the shares listed below.

Here’s why these ASX dividend shares could be in the buy zone right now:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share for investors to consider is the Charter Hall Social Infrastructure REIT.

It is a real estate investment trust with a focus on social infrastructure properties which have specialist use, limited competition, and low substitution risk. These are bus depots, police and justice services facilities, and childcare centres. In respect to the latter, the Charter Hall Social Infrastructure REIT is actually the largest owner of early learning centres in Australia.

Goldman Sachs is very positive on the company’s future. So much so, it currently has a conviction buy rating and $4.20 price target on its shares.

It is also forecasting growing dividends per share of 17.2 cents in FY 2022 and 18.3 cents in FY 2023. Based on its current share price of $3.74, this implies yields of 4.6% and 4.9%, respectively.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to look at is this retail conglomerate. It is the company behind popular retail brands BCF, Macpac, Rebel, and Supercheap Auto.

Super Retail’s shares have come under pressure this year following a tough first half of FY 2022 due largely to COVID lockdowns. Though, it is worth highlighting that it still delivered strong double-digit like for like sales growth across its BCF, Rebel, and Supercheap Auto businesses on a two-year basis.

The team at Morgans believe the company will bounce back strongly and see the recent share price weakness as a buying opportunity. In light of this, it recently upgraded Super Retail’s shares to an add rating with a $13.80 price target.

As for dividends, the broker is forecasting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $9.77, this will mean yields of 6% and 6.2%, respectively.

The post 2 ASX dividend shares with big yields that analysts rate as buys appeared first on The Motley Fool Australia.

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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 Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group 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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