With a new month on the horizon, now could be an opportune time to consider making some new additions to your portfolio.

To help you on your way, I’ve picked out three ASX shares that analysts have tipped as buys. They are as follows:

Altium Limited (ASX: ALU)

Altium is an award-winning printed circuit board (PCB) design software provider. Over the last few years it has carved out a leading position in this growing market. It is now aiming to take things to the next level and dominate the market with its cloud-based Altium 365 product. One broker that is positive on the company is Credit Suisse. It currently has an outperform rating and $42.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies. While the pandemic weighed heavily on its poker machine business, its digital business flourished and delivered strong growth. Pleasingly, both businesses are now pulling together, which appears to have positioned the company well for growth over the 2020s. Analysts at Citi are bullish on Aristocrat Leisure. The broker has a buy rating and $46.00 price target on its shares.

Megaport Ltd (ASX: MP1)

Megaport could be another ASX share to consider buying. It offers scalable bandwidth for public and private cloud connections, metro ethernet, and data centre backhaul. Megaport has networking equipment in hundreds of data centres around the world, which has created a software layer that provides an easy way for users to create and manage network connections. This means that through the Megaport network, users can create and run a global network with or without the need for physical infrastructure. UBS currently has a buy rating and $20.45 price target on its shares.

The post 3 fantastic ASX shares to buy in September appeared first on The Motley Fool Australia.

More reading

• 3 exciting ASX growth shares for smart investors
• The Megaport (ASX:MP1) share price is up almost 40% in 6 months
• 10 ASX shares we’re overweight in right now: fund
• Revealed: The biggest shocker from results season
• 3 top ASX growth shares that could be buys

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 shares of and has recommended Altium and MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Altium. The Motley Fool Australia has recommended MEGAPORT FPO. 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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Despite the turbulence of COVID-19, the Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is having a year to remember.

At the close of trade on Friday, shares in Australia’s international gateway were trading for $7.90 – up 1.94%. The S&P/ASX 200 Index(ASX: XJO), meanwhile, finished the day 0.04% lower. Over 12 months, however, Sydney Airport shares are outpacing the ASX 200 by 22 percentage points (+44% vs. +22%).

Let’s take a closer look and see what’s going on.

Sydney Airport shares have taken off since last-year

The market, and in particular ASX travel shares, were coming off a particularly low base in late August 2020. The pandemic became a crisis only 5 months prior and Victoria was in the midst of what seemed to be a never-ending lockdown.

One possible reason for the Sydney Airport share price gains may be renewed optimism in the market. Vaccines are widely available and there is hope Australia’s international borders will open sooner rather than later.

Sydney Airport isn’t the travel company to see large gains in 52-weeks. The Qantas Airways Limited (ASX: QAN) share price is up 33.7% in that time whilst Webjet Limited (ASX: WEB) shares are 55.2% higher. A combination of a low starting price 1-year ago and increased investor expectations for travel shares could be fuelling this gain.

What else sent the Sydney Airport share price higher?

Another possible reason for the buoyant Sydney Airport share price may be the $23 billion takeover bid the company received in July.

On the day of the announcement, Sydney Airport shares rocketed 37% to $7.78 each. Since then, shares have gone even higher – reaching a new 52-week high of $8.04 at one point. The company’s board ultimately rejected the bid, claiming it “undervalued” the company and was “opportunistic”.

The consortium took a second bite of the cherry 2 weeks ago, but this bid too was dismissed.

Foolish takeaway

If history is any guide, if restrictions on travel (both internationally and interstate) aren’t lifted when expected, it could signal trouble for the Sydney Airport share price. Qantas is planning for international travel by the end of this year (when Australia is expected to hit 80% fully vaccinated). If we do hit that target, it will be up to the government to follow through on the plan.

While the Sydney Airport share price is up from this time last year, it is still below pre-pandemic levels. On the first day of 2020, Sydney Airport shares were trading for $8.44.

Sydney Airport Holdings has a market capitalisation of roughly $21 billion.

The post Why the Sydney Airport (ASX:SYD) share price has beaten the ASX 200 in the last year appeared first on The Motley Fool Australia.

More reading

• If you invested $1,000 in Sydney Airport (ASX:SYD) shares a decade ago, here’s what it would be worth now
• What Sydney Airport’s results could mean for Flight Centre (ASX:FLT) shares
• What could Sydney Airport’s results mean for Webjet (ASX:WEB) shares?
• ASX 200 Weekly Wrap: Miners drag ASX back to earth
• How do the Sydney Airport (ASX:SYD) results compare to Auckland Airport?

Motley Fool contributor Marc Sidarous 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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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:

Costa Group Holdings Ltd (ASX: CGC)

According to a note out of Credit Suisse, its analysts have retained their outperform rating and $4.15 price target on this horticulture company’s shares. Credit Suisse notes that Costa delivered a first half result in line with expectations thanks to a stronger than expected performance from its International business which offset weakness in the Domestic business. And while a lot rests on its Domestic business returning to form in the second half, the broker believes a re-rating could happen if it delivers on expectations for the full year. The Costa share price ended the week at $3.18.

IDP Education Ltd (ASX: IEL)

A note out of Macquarie reveals that its analysts have retained their outperform rating but trimmed their price target on this language testing and student placement company’s shares to $32.00. This follows the release of a full year result in line with the broker’s estimates. Macquarie remains positive on the future and believes that its growth drivers remain in place. It continues to expect IDP Education to be a big winner once the pandemic passes. The IDP Education share price was fetching $29.24 at Friday’s close.

Kogan.com Ltd (ASX: KGN)

Another note out of Credit Suisse reveals that its analysts have retained their outperform rating but cut their price target on this ecommerce company’s shares to $14.06. The broker remains positive on Kogan following its full year results and the surprise decision to suspend its dividend. While the broker acknowledges that there are risks that its cost base may take longer than expected to normalise, it holds firm with its outperform rating due to its very strong medium term growth prospects. The Kogan share price ended the week at $10.93.

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

More reading

• 3 excellent ASX growth shares to buy in September
• These were the worst performing ASX 200 shares last week
• IDP Education (ASX:IEL) share price tipped by broker to jump 17%
• Here are the 3 heaviest trading ASX 200 shares this Thursday
• Costa (ASX:CGC) share price falls 4% after reporting modest first half growth

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 shares of and has recommended Idp Education Pty Ltd and Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Kogan.com 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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The Fortescue Metals Group Limited (ASX: FMG) share price has collapsed around 15% since the beginning of the year. This comes as the fourth largest iron ore miner has experienced a declining spot price of the steel making ingredient.

At Friday’s market close, Fortescue shares finished the day flat at $20. It’s worth noting that its shares have fallen off a cliff after hitting a record high of $26.58 in late July.

What happened to Fortescue shares last earnings season?

During the time when Fortescue reported its half-year results for FY21, its shares plummeted 11.5% within two weeks.

Initially, investors were excited about the company’s performance, as it highlighted a 44% increase in revenue and a strong dividend payout. Furthermore, shipments, earnings and operating cash flow surpassed any half year in Fortescue’s history.

Fortescue CEO, Elizabeth Gaines commented:

Fortescue’s performance for the first half of FY21 has been outstanding, and we are very proud of the whole team who have delivered our best half year operating and financial results since the Company was established.

However, this was quickly forgotten as attention turned to Chinese tariffs and restrictions on Australian goods. Investors appeared to be concerned that China may focus on the country’s largest export market, and were rightly so. In response, the spot price of iron ore tanked, shedding 6.1% of its value to US$163.60 a tonne.

Only late in March, the Fortescue share price rebounded, following a strong uplift in the steel making ingredient spot price.

Is the Fotrescue share price a buy?

A recent broker note released by Bell Potter cut its outlook on Fortescue shares by 8.4% to $22.03. Goldman Sachs also reduced its rating by 2.9% to a more bearish $19.90.

Based on today’s closing Fortescue share price, this is in line with the Goldman Sachs broker estimate.

Fortescue commands a market capitalisation of roughly $61.5 billion, with more than 3 billion shares on its books.

The post The Fortescue (ASX:FMG) share price fell 11.5% last time the company reported appeared first on The Motley Fool Australia.

More reading

• Fortescue (ASX:FMG) share price tumbles in August, analysts see further declines in iron ore
• August hasn’t been a great month for the Fortescue (ASX:FMG) share price
• These 3 ASX 200 shares were the most heavily traded on Monday
• Pilbara Minerals (ASX:PLS) share price bounces back, up 8% on Monday
• Just how dependent is Fortescue Metals (ASX:FMG) on China?

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

A2 Milk Company Ltd (ASX: A2M)

According to a note out of Credit Suisse, its analysts have retained their underperform rating and $5.50 price target on this struggling infant formula company’s shares. This follows the release of a disappointing full year result last week. Credit Suisse has concerns about the future, particularly given how the company is losing share in the Stage 1 category. Combined with China’s falling birth rate, it feels this could eventually weigh on its Stage 2 and Stage 3 product sales. The A2 Milk share price ended the week at $5.89.

Reece Ltd (ASX: REH)

A note out of Citi reveals that its analysts have retained their sell rating and $13.50 price target on this plumbing parts company’s shares. Although Reece delivered a result ahead of its expectations in FY 2021, it wasn’t enough for a change of rating. The broker continues to believe that its shares are overvalued. Especially given the uncertainty around underlying market conditions. The Reece share price was fetching $21.05 at Friday’s close.

Woolworths Group Ltd (ASX: WOW)

Another note out of Credit Suisse reveals that its analysts have retained their underperform rating and cut the price target on this retail conglomerate’s shares to $31.02. Although Woolworths’ full year result was in line with the broker’s expectations, it isn’t enough to become more positive on the investment opportunity here. The broker continues to struggle with the multiples its shares are trading on. In addition, Credit Suisse has reduced its earnings estimates to reflect higher costs and the impact of lockdowns on its Big W business. The Woolworths share price was trading at $40.96 at the end of the week.

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

More reading

• Despite disappointing FY21 results, the A2 Milk (ASX:A2M) share price is still up in August. Here’s why
• Leading brokers give their verdict on the A2 Milk (ASX:A2M) share price
• How does the Woolworths (ASX:WOW) earnings result compare to Coles (ASX:COL)?
• The ASX reporting wrap-up: A2 Milk, Woolworths, Appen
• ASX 200 drops, A2 Milk sinks, Appen plummets

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 A2 Milk. 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 Telstra Corporation Ltd (ASX: TLS) share price has been a pretty good investment to have for ASX investors in recent months. The telco remains up 28.07% year to date so far, and more than 32% over the past 12 months. It was only last Monday that the shares hit their 52-week high of $4.02 a share.

But the last week has not been so great for the Telstra share price.

After starting out on Monday morning at $4.02 a share (yes, the 52-week high), Telstra ended up finishing the week at a much lower share price of $3.86. That’s a weekly fall of 4.1%. That’s almost as much as what the entire annual dividend is worth at that share price (4.14%).

In contrast, we have seen the S&P/ASX 200 Index (ASX: XJO) have a pretty positive week, putting on an additional 0.3%. So the Tesltra share price underperformed the ASX 200 by around 4.3%.

So what’s behind this seemingly sudden backwards step for the telco?

Telstra share price falls as the telco prepares to pay out

Well, we don’t have to look too far. Telstra’s fall last week was driven by what could possibly be the best reason to have one of your shares go down in value. Remember how we just went through that the last week’s drop was almost as large as the company’s dividend?

Well, the telco happened to go ex-dividend for its upcoming final dividend payment of 8 cents per share on 25 August (Wednesday). That means that investors who buy TLS shares after this date will not be entitled to receive this dividend. That’s why we saw the value of this dividend leave the Telstra share price on Wednesday morning.

This important milestone on Telstra’s 2021 calendar was the centrepiece of the company’s share price performance last week. Although it resulted in the shares dropping, it’s not one too many shareholders will be complaining about.

At the current Telstra share price, the company has a market capitalisation of $45.9 billion, a price-to-earnings (P/E) ratio of 24.7 and a fully franked dividend yield of 4.14%.

The post It hasn’t been a great week for the Telstra (ASX:TLS) share price appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares today
• Telstra (ASX:TLS) and this dividend share have been named as buys
• Is the Telstra (ASX:TLS) share price a buy today?
• 10 ASX shares we’re overweight in right now: fund
• The Telstra (ASX:TLS) share price has gained 23% in the last 6 months

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation 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 owns shares of 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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Considering the Pilbara Minerals Ltd (ASX: PLS) share price has gained a whopping 546% over the last 12 months, it’s easy to assume its best day ever would have occurred recently. But it didn’t. 

In fact, Pilbara’s best day ever on the ASX was way back in 2015.

Now, for clarity and simplicity’s sake, we won’t be looking into any gains the Pilbara Minerals share price experienced when it was trading for under 10 cents.

As long-term market watchers will know, there are a number of days on Pilbara’s chart when it started the session trading for 1 cent, and gained another cent, therefore soaring 100%. Those instances won’t be covered here.

Now we’ve got that housekeeping out of the way, let’s take a look at the lithium and tantalum producer’s best day on the ASX. 

The Pilbara Minerals share price’s best day ever

The best day ever for the Pilbara Minerals share price was June 17, 2015. That day, Pilbara’s shares started out trading for 10 cents, before rocketing to close at 14 cents. That’s a massive gain of 40% in a single session. 

Perhaps what’s most interesting about the Pilbara share price’s sudden ascension that day, is the fact it was spurred by nothing. The company hadn’t released a single piece of price-sensitive news for nearly 10 days.

However, the prior week, the company had updated the market on a research report into Pilbara Minerals. 

As time has gone on, that research report has been removed from Pilbara’s website. Though, perhaps its contents helped spur the Pilbara Minerals share price’s best day ever.

The company’s best day on the ASX in recent years was on 17 September 2020. That was the day of Pilbara’s annual general meeting, and it saw its share price gain 17.4%. 

Those interested can find the company’s 2020 annual general meeting presentation here.

Pilbara’s shares finished Friday’s session trading for $2.07 after falling 6.5%.

The post When was the best ever day on the Pilbara Minerals (ASX:PLS) share price chart? appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares were flying around the share market this Friday
• Brokers name 3 ASX shares to buy today
• Pilbara Minerals (ASX:PLS) share price slides 7% after selloff in lithium sector
• ASX 200 midday update: Wesfarmers’ $2.3bn capital return, Appen & Pilbara Minerals fall
• Pilbara Minerals (ASX:PLS) share price on watch after doubling sales in FY21

Motley Fool contributor Brooke Cooper 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 National Australia Bank Ltd (ASX: NAB) share price has been a strong performer over the last six months.

Since this time in February, the banking giant’s shares have risen 10%.

This means the NAB share price is now up 20% since the start of the year.

Why is the NAB share price up 10% in six months?

There have been a few catalysts for the strong gain by the NAB share price over the last six months.

One of those has been its much-improved performance in FY 2021. This led to the bank reporting a strong half year result and then an equally strong third quarter update earlier this month.

In respect to the latter, for the three months ended 30 June, NAB revealed an unaudited statutory net profit of $1.65 billion and unaudited cash earnings of $1.70 billion.

Although this was modestly ahead of the average quarterly profit and cash earnings that it achieved during the first half of the financial year, it exceeded the market’s expectations.

In response to the release, Goldman Sachs revealed that NAB was trading well-ahead of its second half estimates.

It commented: “NAB has released its 3Q21 trading update, with unaudited cash earnings from continuing operations of A$1.70 bn, up 1% on the previous period average, run-rating 11% ahead of what is implied by our current 2H21E forecasts.”

What else?

Also giving the NAB share price a boost was news that it has agreed to acquire Citigroup’s Australian consumer business.

The proposed acquisition includes a home lending portfolio, unsecured lending business, retail deposits business, and private wealth management business. It will add deposits of $9 billion and lending assets of approximately $12.2 billion. The latter comprises residential mortgages of approximately $7.9 billion and unsecured lending of approximately $4.3 billion.

Goldman was also pleased with this and sees the acquisition as a good way to deploy its excess capital.

The broker explained: “We see strategic merit in the transaction, which would contribute to an improvement in the returns drag NAB has suffered vs. peers from being underweight Consumer Banking and having a Consumer Bank that relatively under-earns, given a lower exposure to unsecured lending. We calculate that the transaction would result in a c. 1.5% better EPS outcome than if the equivalent capital was bought back on-market.”

Is it too late to invest?

As you might have guessed from Goldman Sachs’ positive comments, it still sees value in the NAB share price.

Goldman recently retained its conviction buy rating and lifted its price target to $30.62. Based on the current NAB share price of $27.64, this implies potential upside of ~11% over the next 12 months before dividends. Including dividends, the potential return stretches to approximately 16%.

This could mean NAB’s share price gains are still not over in 2021.

The post The NAB (ASX:NAB) share price has gained 10% in the last 6 months appeared first on The Motley Fool Australia.

More reading

• NAB (ASX:NAB) fined $18.5m for misleading customers, shares slump
• How is the NAB (ASX:NAB) share price performing against the banking sector?
• Top broker names 2 ASX dividend shares to buy
• What’s moving the ASX 200 Index (ASX:XJO) on Monday?
• ASX 200 Weekly Wrap: Miners drag ASX back to earth

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 sudden collapse of iron ore prices sent the Fortescue Metals Group Limited (ASX: FMG) share price into free fall, down almost 20% in August to a 5 month low of $20.02.

Iron ore prices have rapidly deteriorated from record highs of ~US$230/t to around US$150/t after China pledged to reduce its 2021 steel output in an effort to curb carbon emissions.

Steel producers in major industrial provinces including Anhui, Gansu, Fujian, Jiangsu, Jiangxi, Shandong, and Yunnan were told to limit their production to 2020 volumes.

Iron ore markets have managed to find some support this week on steel demand optimism.

Bloomberg reported that China’s central bank chief viewed to “stabilise the supply of credit and boost the amount of money supporting smaller businesses and the real economy, after both credit and economic growth slowed in July”.

The prospect of accommodative policies might be why the Fortescue share price has managed to find some support around 5-month lows this week.

But looking ahead, analysts think there could be more pain for iron ore prices.

A bleak outlook for iron ore

According to an article featured on Mining.com, analysts Erik Hedbord and Richard Lu at commodities consultancy CRU Group said a further drop in iron ore prices is possible.

“CRU forecasts iron ore prices to decline further towards the end of the year, as we see a more balanced market with Chinese demand likely to stabilise for the rest of the year, while seaborne supply continues to improve,”.

Alongside stabilising demand from China, shipment volumes from iron ore producers in Australia typically improve in the fourth quarter, according to CRU analysts.

Fortescue share price snapshot

The Fortescue share price has tumbled well into negative territory, down 19.5% year-to-date.

The company is expected to release its FY21 full year results on Monday, 30 August.

The post Fortescue (ASX:FMG) share price tumbles in August, analysts see further declines in iron ore appeared first on The Motley Fool Australia.

More reading

• August hasn’t been a great month for the Fortescue (ASX:FMG) share price
• These 3 ASX 200 shares were the most heavily traded on Monday
• Pilbara Minerals (ASX:PLS) share price bounces back, up 8% on Monday
• Just how dependent is Fortescue Metals (ASX:FMG) on China?
• ASX 200 Weekly Wrap: Miners drag ASX back to earth

Motley Fool contributor Kerry Sun 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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With interest rates likely to remain low for some time to come, the yields on the ASX dividend shares listed below could be even more attractive than normal for income investors.

Here’s what you need to know about these dividend shares that a leading broker has rated as buys:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is Adairs. It is a leading retailer of homewares and home furnishings in Australia and New Zealand through both retail stores and online channels.

It has been in fine form in FY 2021 thanks to heightened sales during the pandemic. This led to the company recently reporting a 28.5% increase in sales to $499.8 million. And thanks to margin expansion, Adairs’ underlying earnings before interest and tax (EBIT) almost doubled to $109.1 million. This allowed Adairs to increase its dividend to 23 cents per share.

And while it will be very hard for Adairs to outperform this in FY 2022, it has started the year strongly.

The team at Morgans are positive on the company. Last week the broker upgraded its shares to an add rating with a $4.20 price target. Morgans is also forecasting fully franked dividends per share of 22 cents in FY 2022 and 27 cents in FY 2023.

Based on the current Adairs share price of $3.73, this will mean yields of 5.9% and 7.2%, respectively.

Coles Group Ltd (ASX: COL)

This supermarket giant could be a dividend share to consider buying. Coles has just handed in a solid full year result for FY 2021.

For the 12 months ended 30 June, the company reported sales revenue growth of 3.1% to $38,562 million and net profit after tax growth of 7.5% to $1,005 million. The latter was a touch ahead of the market’s expectations. This allowed Coles to increase its full year dividend by 6% to a fully franked 61 cents per share.

Morgans is also feel bullish about Coles. In response to its full year results, the broker retained its add rating and lifted its price target to $19.80. It is now forecasting dividends of 61 cents per share in FY 2022 and then 62 cents per share in FY 2023.

Based on the current Coles share price of $17.89, this represents yields of 3.4% and 3.5%, respectively.

The post 2 excellent ASX dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• Why is the Coles (ASX:COL) share price down 5% this week?
• How does the Woolworths (ASX:WOW) earnings result compare to Coles (ASX:COL)?
• Coles (ASX:COL) share price slides amid $1.3 billion sustainability refinancing
• Telstra (ASX:TLS) and this dividend share have been named as buys
• Why the Coles (ASX:COL) share price has underperformed the ASX 200 in the last year

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 recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO and COLESGROUP DEF SET. 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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