ASX agricultural shares are increasingly drawing the attention of institutional investors.

Among other factors, the big money is being drawn by Australia’s reputation for high-quality foods, its location near huge Southeast Asian populations, and the simple fact we produce a lot more than we consume.

And it doesn’t hurt ASX agricultural shares that total production is forecast to grow 8% year-on-year to almost $66 billion, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

With a glance at past performance, 2020 was highly profitable for much of Australia’s farmland. As the Australian Financial Review notes:

The latest Australian Farmland Index, which tracks the performance of a $1 billion basket of premium assets, found that farmland planted to annual broadacre crops such as wheat and canola or used to graze cattle and sheep delivered a nearly 30 per cent total return in 2020.

Almonds, grapes, citrus and other crops requiring more water and labour are often strong performers. But this segment underperformed in 2020, with a 4.8% total return.

What the experts are saying

Jos Boeren is Stafford Capital Partners’ head of agriculture and food investments. Speaking of Aussie farmland, Boeren said (quoted by the AFR), “We are increasingly being contacted by institutional investors who are looking to invest significant capital into farmland and timberland.”

Indeed, the number of funds seeking to invest in Aussie agriculture is rocketing. According to Colliers International’s head of agribusiness, Rawdon Briggs, “At present, there are approximately 43 food and agribusiness funds investing in all forms of agriculture compared
to only two in 2009.”

And the arrival of big money into the sector is helping increase efficiency and productive capacity in the market.

Jim McKay, Warakirri’s managing director said, “It’s one of the reasons why you are seeing a lot of interest from global pension funds in agriculture.”

2 leading ASX agricultural shares

There are a number of quality ASX agricultural shares investors can look into. For the purposes of this article, we’ll look at 2.

First up, Rural Funds Group (ASX: RFF). The company is a real estate investment trust (REIT), which holds and leases agricultural property and equipment.

Rural Funds has a market cap of $867 million and pays a dividend yield of 4.4%, unfranked. Over the past 12 months, the Rural Funds share price has gained 26%, outpacing the 20% gains posted by the All Ordinaries Index (ASX: XAO). Year-to-date, Rural Funds’ shares have been under pressure, down 3%.

Select Harvests Limited (ASX: SHV) also has a place among the leading ASX agricultural shares. The company processes and distributes a range of nuts, dried fruits, seeds, and natural health foods.

Select Harvests has a market cap of $699 million and pays a 2.2% dividend yield, fully franked. The Select Harvests share price is down 11% over the past 12 months. 2021 has been off to a stronger start for the ASX agricultural share, which is up more than 9% year-to-date.

The post Why ASX agricultural shares are high on institutional investors’ radars appeared first on The Motley Fool Australia.

More reading

• 3 reasons why Rural Funds (ASX:RFF) could be a really good ASX dividend share
• 2 growing ASX dividend shares for an income portfolio
• 2 ASX dividend shares that could be buys in June 2021
• 2 ASX dividend shares with attractive yields
• Select Harvests (ASX:SHV) share price falls on plummeting profits

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. Bernd Struben has no position in any of the stocks mentioned. Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. 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 Growthpoint Properties Australia Ltd (ASX: GOZ) share price is on the rise today. At the time of writing, shares in the real estate investment trust (REIT) are trading for $3.94 – up 1.03%. Earlier in the day, Growthpoint shares were trading as high as $4.11, smashing their 52-week record. For context, the S&P/ASX 200 Index is currently down 0.16%.

The company’s price rise comes as it declared “significant valuation gains” across its property portfolio.

Let’s take a closer look at today’s announcement.

Why the Growthpoint share price is up

In a statement to the ASX, Growthpoint Properties said that 44 of its 55 properties have been reappraised and are now worth an extra $251 million, or a 7.7% increase. The REIT estimates this will add 33 cents per security in its tangible assets.

Growthpoint claims external evaluators reassessed both its industrial and office properties and found both were more valuable than previously thought. It says its industrial properties are now worth 10.9% more to $1.5 billion and its offices are worth 5.4% more to $1.94 billion. The weighted average capitalisation rate of its industrial properties fell to 5.2%.

Growthpoint stressed the valuations are subject to “finalisation and audit” and could be further changed, either positively or negatively. The new valuations also assume no material changes to market conditions before the end of the financial year. Investors, however, still seem to be keen on the REIT regardless, judging by the Growthpoint share price action today.

Management commentary

Timothy Collyer, Growthpoint Managing Director, said:

The preliminary results of Growthpoint’s external valuations indicate the largest six-month increase on a like-for-like basis in the Group’s history.

The significant uplift reflects the substantial re-rating that has occurred across the industrial sector, driven by continued strong domestic and offshore investors’ demand for industrial assets, as well as leasing success across both our office and industrial portfolios.

We remain focused on actively managing our assets to ensure we maximise the portfolio’s value for our Securityholders.

Growthpoint share price snapshot

Over the past 12 months, the Growthpoint share price has increased by 19.8%. During the COVID-19 market sell-off of March 2020, the company’s value haemorrhaged 44.8% in the space of just 19 days! Despite today’s unambiguously good news, the REIT’s securities have still not returned to their pre-pandemic prices. Growthpoint Properties has a market capitalisation of approximately $3 billion.

The post Why the Growthpoint (ASX:GOZ) share price just smashed a 52-week record appeared first on The Motley Fool Australia.

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• Clinuvel (ASX:CUV) share price lower despite positive update
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• EML Payments (ASX:EML) share price jumps 5% on Q3 trading update
• Here’s why this ETF could be a top option for ASX investors
• How much is the BHP (ASX:BHP) dividend worth today?

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 EML Payments Ltd (ASX: EML) share price is surging this afternoon after providing a trading update for FY21 Q3.

At the time of writing, the payment solutions company’s shares are up 5.8% to $3.53.

What’s moving the EML Payments share price?

This afternoon the EML Payments share price has bounced off its lunchtime low of $3.34.

Today’s update marks the first peek into the company’s performance since the bombshell announcement that led to a 45.6% selloff on 19 May.

As a refresher, the Central Bank of Ireland (CBI) informed EML that it had concerns over the company’s PFS Card Services (Ireland) business in relation to Anti-Money Laundering/Counter Terrorism Financing compliance – something that’s quite relevant for several ASX-listed companies today.

Regulatory update

According to the release, EML responded to the CBI’s letter within the defined deadline. The company maintains a dialogue with the CBI and is providing responses, data, and access to EML’s teams.

However, shareholders have been left no better off as to knowing potential decisions and/or timeframes. Addressing the matter, EML Payments has established a project governance structure in Ireland. This includes a subcommittee consisting of board members, executives, and external regulatory consultants.

Furthermore, the company expects one-off legal and advisory fees to be less than $2 million in FY21. Unfortunately, there may be a delay in program launches due to regulatory events.

Third-quarter trading update

Shareholders are absorbing the company’s Q3 FY21 update, which contains the likely catalyst for this afternoon’s EML share price performance.

The company grew substantially across various metrics compared to the prior corresponding period for the 9 months to March 2021 (unaudited), including:

• Gross Debit Volume (GDV) increasing 52% to $14.9 billion
• Revenue increasing 65% to $143.5 million
• Earnings before interest tax, depreciation, and amortisation (EBITDA) increasing 62% to $43.8 million.

Further fuelling optimism, 368 deals were said to be in the pipeline, 56 of which are in the contract negotiation stage. The company estimates the GDV of its pipeline at maturity is $8.3 billion.

Lastly, EML’s acquisition of Sentenial and Nuapay is expected to reach a transaction close depending on approvals in early July to late August.

The post EML Payments (ASX:EML) share price jumps 5% on Q3 trading update appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns shares of EML Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended EML Payments. The Motley Fool Australia owns shares of and has recommended EML 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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There are a large number of exchange traded funds (ETFs) to choose from on the Australian share market.

One quality option for investors to consider is the BetaShares Global Cybersecurity ETF (ASX: HACK).

What is the BetaShares Global Cybersecurity ETF?

The BetaShares Global Cybersecurity ETF provides investors with access to the leading tech companies in the growing global cybersecurity sector

This sector certainly is a great place for investors to be right now, with the threat of cyber attacks on governments and businesses continuing to grow.

In fact, research by global giant Accenture reveals that ransomware events more than doubled in 2020.

It commented: “Established ransomware operators are upping their game as they continue to focus on new monetization opportunities. The Accenture Cyber Investigations and Forensic Response (CIFR) team observed a 160% year-on-year increase in ransomware events in 2020—with little signs of any slowdown in early 2021. To plan for resilience, organizations should focus on the business and operational risks presented by the threat across their unique value chain—and prioritize planning and defense efforts accordingly.”

In light of this growing threat, demand for cybersecurity services has been increasing at a rapid rate and looks set to continue doing so in the future. This should be good news for the 40 companies included in this ETF.

Which companies are included?

Among the 40 companies that you’ll be buying a slice of are both global cybersecurity giants and emerging players from a range of global locations.

These include Accenture, Cisco, Crowdstrike, Fortinet, Okta, Splunk, and VMware.

Over the last three years this group of companies have collectively smashed the market, leading to the BetaShares Global Cybersecurity ETF generating an average total return of 18.8% per annum.

This compares to a 10.2% per annum average total return by the S&P/ASX 200 Index (ASX: XJO) over the same period.

The post Here’s why this ETF could be a top option for ASX investors appeared first on The Motley Fool Australia.

More reading

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETA CYBER ETF UNITS. 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 BHP Group Ltd (ASX: BHP) share price is having a nice start to the trading week today. BHP shares are up by 0.45%, at the time of writing, to $48.97 per share. That looks pretty good against the broader S&P/ASX 200 Index (ASX: XJO), which is rather flat so far today, having fallen by 0.11% to 7,287.7 points.

The share price puts BHP close to its all-time high of $51.82, which it reached early last month. BHP shares have been a spectacular performer for ASX 200 investors in recent years. The Big Australian is up almost 16% year to date, around 35% over the past 12 months, and more than 160% over the past 5 years.

But that doesn’t even include the hefty returns investors have also enjoyed from BHP in the form of dividends. How much have these dividends been worth? And what can ASX investors expect from BHP in terms of income today?

BHP shares – Big Huge Payouts?

BHP’s last dividend was paid out in March (on 23 March to be precise). This interim dividend came in at $1.31 per share, fully franked. Prior to that, BHP paid out a final dividend of 75.46 cents per share, also fully franked, back in September last year.

Those dividends were high by BHP’s historical standards. The two dividends paid out prior to those two were an interim dividend of 99.4 cents per share and a final dividend of $1.14 per share, also both fully franked.

So these two most recent dividends amount to a collective $2.06 per share. That would give BHP shares a trailing dividend yield of 4.21% on current pricing. With full franking considered, this grosses up to 6.01%. That’s arguably pretty solid for an ASX 200 share in this investing climate.

Where to next for BHP’s dividend?

Since both the BHP share price and its raw dividend payouts are close (or at) historical highs, many investors might be wondering what’s next for the mining giant. Well, one broker who thinks there is plenty left in the tank is investment bank Goldman Sachs.

According to CommSec, Goldman has BHP shares rated as a buy with a 12-month price target of $53.90 a share. It reckons BHP will manage to pay out US$2.52 ($3.21) in dividends by the end of FY2021 and US$2.58 ($3.34) in FY2022.

Talk about making it rain. That would imply BHP has a forward yield of 6.56% for FY2021 and 6.82% for FY2022, based on the current share price. I’m sure shareholders are hoping these forecast dividends indeed end up in bank accounts over the next year or two.

The post How much is the BHP (ASX:BHP) dividend worth today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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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There are some ASX shares that might be impressive investments to consider.

Businesses that are generating underlying profit growth could be able to produce good growth over time.

These two potential ASX share investments could be good ideas:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This is an exchange-traded fund (ETF) that invests in the US share market. Specifically, it invests in 100 of the biggest businesses that are listed on the NASDAQ – a US stock exchange.

It’s one of the larger ETFs on the ASX with assets of around $1.8 billion. Betashares Nasdaq 100 ETF is invested in many of the world’s biggest businesses, that happen to be in the technology sector. That includes: Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla, Nvidia and PayPal.

But, the ETF is not simply a FAANG ETF (though Netflix is in there too), investors can get diversification to many other businesses in different industries such as Comcast, Cisco Systems, Intel, PepsiCo, Broadcom, T-Mobile, Texas Instruments, Costco, Qualcomm, Applied Materials, Intuit, Starbucks, Advanced Micro Devices, Intuitive Surgical, Booking, Moderna and Zoom.

Betashares Nasdaq 100 ETF has an annual management fee of 0.48%.

Many of the above businesses are leaders in their sector in the US, or indeed globally. That allows them to benefit from economies of scale, higher margins and attractive profit profiles.

Since inception in May 2015, the ETF has produced an average return per annum of 20.9%. Past performance is not an indicator of future performance though.

Accent Group Ltd (ASX: AX1)

Accent is one of the leading ASX retail shares.

It sells through a variety of different stores and brands in Australia including Platypus, Hype, The Athlete’s Foot, Trybe, Skechers, Vans, Timberland, CAT and Dr Martens.

The company is regularly adding to its portfolio, such as the recent acquisition of Glue Store, which has a focus on the youth market. Accent says that the fragmented youth apparel market provides it with a significant opportunity to grow stores and capture market share.

This acquisition gives the business the ability to leverage its retail expertise to improve the Glue merchandise offering and customer experience. The deal was at an attractive acquisition price, with a “significant” opportunity to improve profitability.

Glue has a network of 21 stores across the country, with 14 of them in NSW. Its product range includes leading domestic and global brands and growing owned vertical brands.

Accent is rapidly growing its digital sales. In the first half of FY21, online sales accounted for 22.3% of total sales. Digital sales grew by 109.6%, with orders increasing by 100% and the conversion rate improving by 31.6%. It continues to invest in its e-commerce technology offering.

It has 21 different websites across all of its brands. The ASX share has close to 600 stores, which enables it to provide an omnichannel distribution model to shoppers with a key presence in both metro and regional areas.

The business has 8 million contactable customers. Loyalty programs are going to be rolled out starting in the second half of FY21.

Accent has a goal of continuing to grow profit over the long-term and pay dividends to shareholders.

According to Commsec, the Accent share price is valued at 19x FY21’s estimated earnings, with a grossed-up dividend yield of 6.3%.

The post 2 impressive ASX shares that could be buys in June 2021 appeared first on The Motley Fool Australia.

More reading

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• Accent (ASX:AX1) share price rises after sticking with Glue
• 2 ASX dividend shares that could be buys in June 2021

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 shares of and has recommended BETANASDAQ ETF UNITS. The Motley Fool Australia owns shares of and has recommended BETANASDAQ ETF UNITS. 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 Australian Clinical Labs Ltd (ASX: ACL) share price is pushing higher on Monday.

In afternoon trade, the pathology services provider’s shares are up 2% to $3.76.

Despite this gain, the Australian Clinical Labs share price is still trading 6% below its May IPO price of $4.00.

Why is the Australian Clinical Labs share price pushing higher?

Investors have been buying the company’s shares this morning following the release of a bullish broker note out of Goldman Sachs.

According to the note, the broker has initiated coverage on the company with a buy rating and $4.80 price target. Based on the current Australian Clinical Labs share price, this implies potential upside of almost 28% over the next 12 months.

Goldman Sachs was the joint lead manager and underwriter of the company’s IPO last month.

What did Goldman Sachs say?

Goldman believes that Australian Clinical Labs will benefit from a series of operational investments. These include its unified Laboratory Information System and upgraded central laboratory network.

In addition to this, over the long term, the broker expects the company’s growth to track around market growth of 3% to 5%. However, it sees scope for the company to achieve the upper end of this range if it executes well on growth strategies in New South Wales and Queensland.

Furthermore, it notes that with leverage of 1.0x net debt/EBITDA, there is the opportunity to accelerate its growth through acquisitions.

Attractive valuation

Another reason to be positive on the Australian Clinical Labs share price is its valuation. Particularly in comparison to rivals Healius Ltd (ASX: HLS) and Sonic Healthcare Limited (ASX: SHL).

Goldman commented: “We believe current trading multiples are undemanding: FY22E EV/EBITDA 6.8x (vs. HLS 9.1x; SHL 11.3x) and FY22E EV/EBIT: 16.2x (vs. HLS 20.1x; SHL 17.6x).”

“Whilst the forward EBIT growth profile of +4% (FY22-25E) is less attractive than HLS (+7%), it is above SHL (+2%), and hence in-line with the peer average. ASX 200 HC [healthcare sector] trades on 21x EBITDA for +8% CAGR,” it added.

This could make it worth considering if you’re looking for healthcare options.

The post Top broker tips Australian Clinical Labs (ASX:ACL) share price to shoot higher appeared first on The Motley Fool Australia.

More reading

• Why the Australian Clinical Labs (ASX:ACL) share price soared 5% today

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Cimic Group Ltd (ASX: CIM) share price is trading higher today after the company addressed recent media speculation about the future of its jointly-owned Ventia business.

At the time of writing, the construction conglomerate’s share price is trading 0.83% higher at $21.82.

Cimic’s update follows a story published by yesterday’s The Australian, as well as similar reporting by The Australian Financial Review, claiming Cimic and Apollo Global Management are pursuing an initial public offering (IPO) of services business Ventia.

Rumours confirmed

This morning’s update from Cimic confirms Ventia has appointed advisers to assist in reviewing strategic options – which may include an IPO. Cimic owns a 47.5% stake in the essential services provider.

In late May, the AFR reported Ventia had covertly tested investor appetites during April. Reportedly, those who attended secret pitches to major fund managers were made to sign non-disclosure agreements.

While it’s believed neither Cimic nor other major shareholder Apollo initiated these meetings, both parties will be pivotal in the next steps forward. Analysts estimate if Ventia were to spin off as a separately listed company, its valuation could be more than $3.5 billion.

How’s business?

Despite the impacts of COVID-19, Ventia managed to grow its revenue and earnings in 2020. The company increased revenue by roughly 42% to $3.22 billion. Meanwhile, earnings before interest, tax, depreciation, and amortisation (EBITDA) climbed by more than 12% to $265.5 million.

In December 2020, Ventia was awarded two substantial contracts with Telstra Corporation Ltd (ASX: TLS) and Anglo American. These contracts totalled an estimated revenue of $786 million.

As one of the largest essential services providers across Australia and New Zealand, Ventia is familiar with servicing large-scale projects, including utility infrastructure, asset management and engineering.

Cimic share price under construction

It has been a bumpy past twelve months for the Cimic share price, which has fallen by around 19% during the period. However, the last couple of months have been fruitful.

A flurry of contract wins and maintained guidance have fortified shareholder confidence. Since 21 April 2021, the company’s share price has rallied by around 28%.

No doubt Cimic shareholders will be watching with anticipation to see whether Ventia’s IPO goes ahead.

The post Cimic (ASX:CIM) share price lifts on confirmed Ventia IPO talks appeared first on The Motley Fool Australia.

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

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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week on a disappointing note. In afternoon trade, the benchmark index is down 0.3% to 7,273 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down almost 4% to $15.39. A number of travel shares are trading lower on Monday. This may have been driven by concerns over the Melbourne lockdown and its impact on the domestic travel market.

Mesoblast limited (ASX: MSB)

The Mesoblast share price has continued its slide and is down a further 4% to $1.77. Investors have been selling the allogeneic cellular medicines company’s shares since the release of its third quarter update last week. Mesoblast reported a loss after tax of US$26.5 million for the quarter. This brings its financial year to date loss to US$76.75 million.

National Australia Bank Ltd (ASX: NAB)

The NAB share price has fallen 3.5% to $26.57. This morning the banking giant revealed that it has been hit with an AUSTRAC investigation in relation Anti-Money Laundering and Counter-Terrorism Financing non-compliance concerns. According to the release, AUSTRAC believes there is “potential serious and ongoing non-compliance” regarding the NAB business group’s customer identification procedures and ongoing customer due diligence.

SKYCITY Entertainment Group Limited (ASX: SKC)

The SKYCITY share price has tumbled 9.5% to $3.08. This morning the casino and resorts operator also revealed that AUSTRAC is investigating its Adelaide operation in relation to Anti-Money Laundering and Counter-Terrorism Financing non-compliance concerns. The release explains that the potential serious non-compliance includes concerns relating to ongoing customer due diligence.

The post Why Flight Centre, Mesoblast, NAB, & SkyCity shares are sinking appeared first on The Motley Fool Australia.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel 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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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Airtasker Ltd (ASX: ART)

According to a note out of Morgans, its analysts have upgraded this outsourcing marketplace provider’s shares to an add rating with an improved price target of $1.29. The broker has been pleased with the company’s performance in the UK and US markets. It also notes that the company has just announced the acquisition of the US-based Zaarly business. This provides Airtasker with established operations in two US cities. The Airtasker share price is trading at $1.17 today.

Megaport Ltd (ASX: MP1)

A note out of UBS reveals that its analysts have retained their buy rating and $17.10 price target on this network as a service provider’s shares. According to the note, the broker is pleased with the progress the company is making with its SD-WAN partnerships. Outside this, UBS has previously spoken about its belief that Megaport is well-placed to benefit from the long-term structural story of the shift to cloud. The Megaport share price is fetching $15.24.

Sezzle Inc (ASX: SZL)

Analysts at Ord Minnett have retained their buy rating and $11.90 price target on this buy now pay later (BNPL) provider’s shares. This follows news that Sezzle has signed a three-year deal with US retail giant Target. The broker believes this is a game changer for the company and has updated its forecasts to reflect this. It suspects Sezzle could reach 1.25% of Target’s volumes in beauty, fashion and apparel in FY 2022. The Sezzle share price is trading at $9.01 on Monday afternoon.

The post Leading brokers name 3 ASX shares to buy today 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 shares of and has recommended MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited and Sezzle Inc. The Motley Fool Australia has recommended MEGAPORT FPO and Sezzle 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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