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Are you interested in adding some ASX growth shares to your portfolio next week? If you are, you may want to look at the two listed below that have recently been named as buys.

Here’s what you need to know about these ASX growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer which have been growing at a solid rate for years. The good news is that thanks to a combination of favourable industry tailwinds, its investment in research and development, and ongoing global expansion, Breville has been tipped to continue its strong growth over the coming years by the team at Macquarie. The broker currently has an outperform rating and $34.80 price target on its shares.

IDP Education Ltd (ASX: IEL)

Another ASX growth share that could be a buy is IDP Education. It is a provider of international student placement services and English language testing services. While IDP was hit hard by the pandemic, it has returned to form now restrictions are easing. In fact, during the first half of FY 2022, the company reported a massive 47% increase in revenue to a record of $397 million and a 70% lift in net profit after tax to $52.9 million. And with COVID restrictions easing further since then, IDP looks well-placed for a strong second half. Macquarie is also a fan of IDP and has an outperform rating and $35.00 price target on its shares.

Webjet Limited (ASX: WEB)

A final growth share for investors to look at is this online travel agent. As with IDP, Webjet was hit incredibly hard by the pandemic. However, with travel markets starting to rebound, the company looks well-placed to become profitable again in the near future. And with its costs reduced materially during the pandemic, Webjet will be a much more efficient business in the future when trading conditions normalise. Goldman Sachs is very positive and expects Webjet to come out of the pandemic in a much stronger position. As a result, the broker has a buy rating and $6.90 price target on its shares.

The post 3 excellent growth shares experts are tipping as buys appeared first on The Motley Fool Australia.

More reading

• Here are 2 fantastic ASX growth shares analysts rate as buys
• The Webjet share price has leapt 12% in 2 weeks. Could this be the start of something? 
• Why are ASX 200 travel shares taking off on Wednesday?
• Why are Webjet shares still among the most shorted on the ASX
• Here are the 5 best performing ASX travel shares of 2022 so far

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 Idp Education Pty Ltd. The Motley Fool Australia has recommended Webjet 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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With the S&P ASX All Technology index down materially since the start of the year, a number of high quality shares are trading at sizeable discounts to recent levels.

According to analysts, this may have created a buying opportunity for long term focused investors.

Two ASX tech shares that could be in the buy zone now are listed below. Here’s what you need to know:

Altium Limited (ASX: ALU)

This leading electronic design software provider could be a top option in the tech sector. Especially with its shares down 26% in 2022.

Altium is the company behind the Altium Designer and Altium 365 platforms, the NEXUS design collaboration platform, and the Octopart electronic parts search engine. These platforms are used by some of the biggest businesses and organisations in the world. This includes giants such as Boeing, Microsoft, NASA, and Tesla.

Over the coming years, Altium is aiming to go from leading the electronic design market to dominating it.  The company is targeting 100,000 subscribers and revenue of US$500 million by 2026. If it does deliver on this target, it should be supportive of strong earnings growth over the 2020s.

Bell Potter is positive on Altium. It recently put a buy rating and $41.25 price target on the company’s shares. Based on the current Altium share price, this implies potential upside of 25%.

Megaport Ltd (ASX: MP1)

Another ASX tech share that could be in the buy zone is this leading cloud connectivity and networking solutions provider. Its shares were hammered last week and are now down by over 50% since the start of the year.

The team at Citi believes this is a buying opportunity for investors. While the broker was disappointed with Megaport’s quarterly update, it remains positive on the long term. This is due to the structural shift to the cloud and particularly “demand for multi-cloud connectivity.”

In light of this, the broker has retained its buy rating with a price target of $16.60. Based on the Megaport share price of $9.04, this suggests there is potential upside of almost 84% for investors over the next 12 months.

The post Brokers name 2 ASX shares to buy after the tech selloff appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Here are 2 fantastic ASX growth shares analysts rate as buys
• The Megaport share price just tumbled another 10%. Is it now a super bargain?
• Brokers name 3 ASX shares to buy today
• Why BHP, Megaport, OZ Minerals, and Zip shares are dropping

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 Altium and MEGAPORT FPO. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Netflix‘s (NASDAQ: NFLX) first-quarter earnings report led to a massive one-day share decline. Weak subscriber numbers had investors fleeing the stock, and a poor outlook for adding customers led to a single-day drop of 35%.

But amid the negativity, other numbers indicate that the drop might offer an opportunity to long-term investors. The question is whether those advantages outweigh a glaring weakness that showed up in the subscriber numbers of the entertainment stock. Here are three reasons to buy Netflix and one reason to sell.

1. Valuation

The drop in the stock price following earnings slammed tech investors across the board. Amid a slight decline in its subscriber base compared with the fourth quarter, Netflix stock wiped out more than four years’ worth of gains.

However, its price-to-earnings (P/E) ratio now stands at 20. This is a valuation it has not seen in nearly 10 years. Its multiple is now more comparable to that of Comcast and Warner Bros. Discovery, which sell for 15 and 14 times earnings, respectively.

Moreover, it has become significantly cheaper than Disney (now at 72 times earnings), and it is a radical change from the pre-pandemic days when Netflix typically sold for a P/E ratio of over 100.

2. Financials

And while it does not post the rapid growth of past years, its financial performance remains solid. Revenue of just under $7.9 billion grew 10%. Despite the sequential drop in subscribers, subscriber numbers still rose 7% year over year to just under 222 million.

In contrast, net income dropped by more than 6% in that period to just under $1.6 billion. However, it increased spending on technology development and general and administrative expenses while its interest and other income dropped.

Additionally, Netflix had cash-flow challenges in past years as it had to run up debt to cover content development costs. Nonetheless, first-quarter free cash flow came in at $802 million, 16% higher than 12 months ago. Also, total debt fell by $858 million over the same period, adding strength to its balance sheet.

3. A robust outlook

For all of the concerns about its outlook, its problem came from not meeting investor expectations. Indeed, the forecast of a decline in subscribers of 2 million looks disappointing on the surface.

However, the company still forecasts 10% year-over-year revenue growth. This comes from a cost increase that will take its standard plan from $13.99 per month to $15.49 per month. It also plans a lower-cost, ad-supported option to attract customers who think its current service costs too much, and a move into gaming could increase interest in the platform.

Although analysts forecast a 3% dip in net income for the year, they also believe it will grow by 15% in 2023. Thus, they see its current struggles as temporary.

The reason to sell: A weakened competitive moat

The biggest challenge now for Netflix hinges on whether it has lost its competitive advantage. The company has a history of strong strategic decision-making. Netflix pioneered the streaming industry, and when competitors emerged, it pivoted to proprietary content.

That allowed it to attract subscribers in over 190 countries and helped win awards for its programming. This made streaming the mainstream (pun intended) of television. Now, numerous streaming channels exist, and the major ones offer their own proprietary content.

Indeed, Netflix’s pivots into gaming and ad-supported content could draw subscribers. But without a compelling vision for the future that excites users, its high-growth era could now be over.

Should you consider Netflix?

With a discounted P/E ratio and the prospects of continued revenue growth in the double digits, Netflix might again look like a buy. Despite the competition, viewers continue to tune in to its programming. Also, with rising cash flows, the company could finance a move in a new direction.

But the uncertainty of that direction will likely remain a headwind for the foreseeable future. While Netflix may again beat the market, investors should not expect to see growth numbers comparable to past years.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 3 reasons to buy Netflix, and 1 reason to sell appeared first on The Motley Fool Australia.

More reading

• Better buy: Netflix vs. Twitter
• Netflix looks to 100 million existing viewers to boost revenue
• Why Netflix stock flopped again today
• Is Netflix Stock a buy after its spectacular fall from grace?
• Why Netflix stock crashed and burned Wednesday

Will Healy has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Netflix and Walt Disney. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Comcast and Discovery (C shares) and has recommended the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The Motley Fool Australia has recommended Netflix and Walt Disney. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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

But which ones should you consider buying? Two highly rated ETFs to consider are listed below. Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF for investors to look at is the BetaShares Asia Technology Tigers ETF. This ETF tracks the performance of an index comprising around 50 of the largest technology shares in Asia.

BetaShares notes that this sector is expected to remain a growth sector for some time to come. This is thanks to the region’s younger and more tech savvy population. Among the ETF’s holdings, or tigers, are Alibaba, Baidu, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and Tencent.

And while regulatory concerns have been weighing heavily on these shares this year, this could prove to be a buying opportunity for patient long term investors.

BetaShares Crypto Innovators ETF (ASX: CRYP)

Another ETF to look at is the BetaShares Crypto Innovators ETF. It could be a great way for investors to gain exposure to the cryptocurrency industry without directly owning coins.

BetaShares highlights that the ETF is designed to capture all sides of the crypto ecosystem. This is through owning shares in pure-play crypto companies, companies with balance sheets that hold at least 75% in crypto-assets, and diversified companies with crypto-focused business lines.

Companies you’ll be owning a slice of through the fund include Coinbase, PayPal, Riot Blockchain, Robinhood, Silvergate, and Afterpay’s owner, Block.

The post 2 exciting ETFs for ASX investors this month appeared first on The Motley Fool Australia.

More reading

• 3 high quality ETFs for ASX investors to buy today
• 3 of the best ETFs for ASX investors to buy this month
• 3 exciting ETFs for ASX investors to buy today
• 2 popular ETFs for investors to buy in April
• Here are the 5 worst-performing ASX ETFs over the March quarter

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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There’s a mixed bag of broker opinions on the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price. A few of them have published notes this month summarising their perceptions of the big four bank and whether they recommend a buy, hold, or sell.

First, let’s take a look at the ANZ share price compared to the other big four banks. ANZ closed on Friday at $27.78, down 0.79% in the session and down 0.7% year to date.

By comparison:

• Westpac Banking Corp (ASX: WBC) $24.21, down 1.22% on Friday and up 11.8% year to date

• National Australia Bank Ltd (ASX: NAB) $33.14, down 1.37% on Friday and up 12.6% year to date

• Commonwealth Bank of Australia (ASX: CBA) $105.37, down 2.75% on Friday and up 3% year to date

The price-to-earnings (P/E) ratios lay out like this: ANZ 13.52 times, Westpac 17.56 times, NAB 17.6 times, and CBA 19.8 times.

So, with the figures out of the way, let’s see what a couple of experts think.

Citi backs ANZ and lifts 12-month target

Citi analysts have upgraded ANZ to a buy with a higher share price target of $30.75. They think ANZ shares are cheap compared to CBA shares and NAB shares.

As my Fool colleague James wrote last week: “Citi believes the Reserve Bank’s rate hikes will reshape the banking sector’s earnings profile over the next few years and take net interest margins to levels that are materially higher than consensus estimates. Particularly given its belief that the impact on asset quality won’t be as great as some fear.”

Morgan Stanley downgrades ANZ share price target

Morgan Stanley has downgraded ANZ to equal-weight from overweight. The broker reckons revenue will keep falling. It cut its 12-month price target for ANZ from $30.30 per share to $28.60 per share.

The broker thinks costs are likely to exceed ANZ’s expectations over the near and medium-term due to inflation and the bank’s ongoing need for investment. It’s also worried that ANZ might be losing market share in both the mortgage and business banking categories.

Morgan Stanley said:

We expect ANZ’s revenue to decline again this year due to market share loss, falling margins and lower non-interest income. “Its 3-yr revenue CAGR is also likely to be below the major bank average, given weaker volume growth and more headwinds from increasing competition for deposits in Australia and New Zealand.

ANZ share price summary

ANZ is down 3% over the past 12 months and 15% over the past five years.

The bank has a market capitalisation of $78.23 billion with 2.79 billion shares outstanding.

The post What predictions are being made for the ANZ share price in April? appeared first on The Motley Fool Australia.

More reading

• Is the ANZ share price too cheap to ignore?
• Own ANZ shares? Here’s why this broker is predicting ‘revenue headwinds’
• Do CBA shares offer the highest big bank dividend yield?
• Is the ANZ share price a smart idea for dividend income?
• Why are ASX 200 bank shares having such a stellar start to the week?

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen owns Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, and Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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South32 Ltd (ASX: S32) is one of the S&P/ASX 200 Index (ASX: XJO)’s many dividend paying resource shares.

In fact, the diversified mining and metals company started paying dividends shortly after it was spun out of BHP Group Ltd (ASX: BHP) in 2015.

At market close on Friday, the South32 share price closed at $4.84, 4.91% lower than its previous close.

While that’s a significant drop, it’s far from alone in the red. The ASX 200 also finished in the red, down 15.7%.

Additionally, the S&P/ASX 200 Resources Index (ASX: XJR) had a bad day, plunging 3.40%.

Let’s take a look at South32’s dividends and the yield the ASX 200 share is currently trading on.

A breakdown of South32’s dividend history and yield

South32 shares hit the market in May of 2015, taking many of BHP’s alumina, aluminium, coal, manganese, nickel, silver, lead, and zinc assets with it.

Though, the company didn’t pay a dividend for the first 12 months of its listed life. The first payout handed to South32’s investors came at the end of financial year 2016.

Then, shareholders were given an unfranked dividend worth approximately 1.3 cents per share. In the company’s defence, its share price was trading at around $2 at that point.

Fortunately, both the company’s dividends and share price have all risen since then. Not to mention, it started offering franked dividends in financial year 2017.

The most recent payout investors received from South32 was its interim dividend for financial year 2022.

That saw shareholders handed a fully franked dividend worth approximately 11.9 cents for each South32 share they owned.

Previous to that, its final dividend for financial year 2021 and accompanying special dividend totalled around 7.4 cents per share, fully franked.

That means the company was trading with a trailing dividend yield of 3.79% at Thursday’s close.

And, if there is to be a silver lining to Friday’s tumble, at its current share price, South32 has a dividend yield of 4.01%.

The post Is South32 an ASX dividend stock? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Friday
• Mining and tech: Experts name 2 ASX 200 shares to buy now
• Goldman Sachs names 3 ASX 200 mining shares to buy today
• The South32 share price is closing in on its all-time high. Here’s why
• 2 strong ASX 200 dividend shares analysts love

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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If you’re looking to bolster your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

CSL Limited (ASX: CSL)

The first ASX 200 blue chip share that analysts are saying investors should buy is biotherapeutics giant, CSL. Over the last century, the company has developed a range of lifesaving and lucrative plasma therapies and vaccines. It is also in the process of acquiring Vifor Pharma, which is focused on iron deficiency, nephrology and cardio-renal therapies.

Morgans is positive on the company and believes it is on the verge of returning to form after dificulties during the pandemic. Morgans commented:

“Promisingly, plasma collections continue to improve, although remain slightly below pre-pandemic levels, and while industry wide issues remain (eg Omicron; staffing; increase costs), the worst appears behind us.”

“While near term challenges remain, the ongoing recovery in plasma collections, coupled with management’s confidence, paints a favourable earnings picture.”

Morgans has an add rating and $327.60 price target on its shares.

Goodman Group (ASX: GMG)

Another ASX 200 blue chip share to consider is Goodman. It is an integrated property company with operations across the globe.

Goodman has been growing at a solid rate for well over a decade and the team at Citi expect this trend to continue.

“GMG’s 1H22 EPS of 41.9c was 12% ahead of Visible Alpha consensus (37.3c) and 6% ahead of Citi (39.5c). FY22 EPS guidance was upgraded for the 2nd time in 6 months to 20% growth, or EPS of 78.7c, +1.5% ahead of ingoing consensus of 77.5c. FY22 DPS guidance was retained at 30c.”

“We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”

Citi has a buy rating and $29.50 price target on its shares.

The post Analysts name 2 of the best blue chip ASX 200 shares to buy now appeared first on The Motley Fool Australia.

More reading

• Why Morgan Stanley says the CSL share price can hit $400 by 2025
• Why Bellevue Gold, CSL, Endeavour, and Serko shares are pushing higher today
• CSL share price lifts amid US$4b debt raise
• Why has the CSL share price struggled in the past month?
• Should ASX investors buy the dip in the CSL share price?

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 CSL Ltd. 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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Despite recently falling on hard times, the Polynovo Ltd (ASX: PNV) share price been a star performer over the long-term.

Arguably, investing your money in businesses that are either new to market or emerging can reap some serious rewards. Of course, there is an inherent risk, particularly given the medical device company was outside the S&P/ASX 200 Index (ASX: XJO).

Below, we calculate how much you would have made if you’d bought $5,000 worth of Polynovo shares five years ago.

How much would your initial investment be worth now?

If you’d invested $5,000 into Polynovo shares in 2017, you would have picked them up for approximately 23.5 cents apiece. This equates to about 21,276 shares without topping up along the way during the retracement periods.

Fast-forward to today, Polynovo shares closed at $1.035 on Friday. This means those 21,276 shares would be worth a staggering $22,020.66.

When looking at percentage terms, this implies a gain of 340% or an average yearly return of 34.52%.

In comparison, investing the same amount in an ASX 200 index-tracking fund would have given back 26.33% over 5 years. This equates to average of 4.97% per year.

If you are wondering about Polynovo dividends, the company has chosen not to pay a percentage of its profits to date. Instead, it has decided to expand its geographical spread and increase brand investment to drive consumer demand.

Polynovo share price snapshot

Over the past 12 months, the Polynovo share price has travelled 66% lower and is down 31% year to date.

The company’s shares hit a 52-week low of 83.5 cents in March before moving in a sideways channel of late.

Polynovo presides a market capitalisation of roughly $686.5 billion and has more than 661.68 million shares on its registry.

The post Despite a recent rough trot, you’ll be amazed to know what $5,000 of Polynovo shares bought 5 years ago is worth now appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Why does the Polynovo share price remain one of the most shorted on the ASX?
• 3 beaten up shares you might be surprised to learn are still part of the ASX 200
• These are the 10 most shorted ASX shares
• March was a stellar month for the Polynovo share price. Here’s why

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 POLYNOVO FPO. 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 high level of inflation is getting global attention. It’s affecting ASX shares in various ways. But it might not be all bad for every business.

Some businesses have contracts with their clients or tenants where the revenue is linked to inflation. Therefore, a higher inflation rate could mean that revenue rises faster.

According to the Australian Financial Review, Deutsche Bank’s chief Australian economist, Phil O’Donaghoe, has predicted that Australian CPI inflation in the first quarter will be up 1.7% quarter on quarter and up 4.6% year on year.

Here are two businesses that could see income growth because of inflation:

Rural Funds Group (ASX: RFF)

Over the last six months, the Rural Funds share price has risen by close to 9%.

Rural Funds is an agricultural real estate investment trust (REIT) that owns a diversified portfolio across five sectors: cattle, almonds, cropping (sugar and cotton), vineyards, and macadamias.

How could the ASX share benefit from rising inflation?

Rural Funds says that growth in lease revenue is supported by annual indexation and market rent reviews. It noted that most lease revenue is sourced from listed and corporate food-producing businesses. Rural Funds said with its FY22 half-year result that, broadly, agricultural operators are currently experiencing “good seasons and commodity prices”.

In terms of inflation-linked contracts, 44% of lease income is based on CPI.

APA Group (ASX: APA)

Over the last six months, the APA share price has risen by around 34%.

APA is a large energy infrastructure business. Its market capitalisation is more than $13 billion, according to the ASX. It owns a large gas pipeline – it supplies around half of the country’s natural gas usage. APA also has investments in wind farms, solar farms, gas storage, gas processing, and gas power stations.

How could it benefit from rising inflation?

In the ASX share’s FY22 half-year result, the business said that it’s “favourably exposed to rising inflation with almost 100% of contracted revenues linked to inflation indices”.

APA claims that “gas will play a critical role in Australia’s energy system as an essential companion to renewables and a critical industrial energy source”.

In Australia, gas reportedly accounts for 27% of primary energy consumption and 21% of electricity generation. APA also said gas is typically around half the emissions intensity of coal.

The ASX share is looking to grow its electricity footprint with a strategic investment to acquire 100% of the Basslink senior secured debt at a discount to the face value. Basslink is the energy cable link between Tasmania and the mainland.

APA intends to work constructively with the receivers and managers, and Hydro Tasmania and the State of Tasmania, to “put Basslink on a stable footing and ultimately convert it into a regulated asset”.

The post 2 ASX shares that could benefit from rising inflation appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 stocks smashing 52-week highs today
• The APA share price just powered to a 52-week high
• 2 top ASX dividend shares to think about
• 2 ASX dividend shares with great yields to beat inflation
• 3 ASX 200 shares hopping to new 52-week highs today

Motley Fool contributor Tristan Harrison owns RURALFUNDS STAPLED. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended APA Group and 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 S&P/ASX 200 Index (ASX: XJO) was on course to record a decent gain until a selloff on Friday. This led to the benchmark index falling 0.7% over the shortened week to 7,473.3 points.

Thankfully, not all shares tumbled with the market. Here’s why these were the best performers on the ASX 200 last week:

Ramsay Health Care Limited (ASX: RHC)

The Ramsay Health Care share price was far and away the best performer on the ASX 200 last week with a massive 31% gain. The catalyst for this was news that the private hospital operator has received a takeover approach. According to the release, a consortium led by KKR has tabled a non-binding $88 cash per share offer to acquire the private hospital operator. This will be reduced by any dividends paid. Ramsay has granted the consortium due diligence access.

Brambles Limited (ASX: BXB)

The Brambles share price was some distance behind as the next best performer with an 8.2% gain. Investors were buying this logistics solutions company’s shares after it released a trading update. That update revealed that year to date sales were up 7% to US$4,067 million during the first three quarters of FY 2022. This was stronger than the company was expecting, leading to management upgrading its full year sales and earnings guidance.

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price was on form and charged 5.9% higher over the four days. This was despite there being no news out of the grain exporter. Though, it is worth noting that its shares have been on a roll since it upgraded its earnings guidance earlier this month.

United Malt Group Ltd (ASX: UMG)

The United Malt share price wasn’t far behind with a gain of 5.2%. Once again, this gain was made despite there being no news out of the world’s fourth largest maltster. Though, United Malt, which was part of GrainCorp until it was spun off in 2020, has been touted as a potential takeover target in recent months.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Own Westpac shares? Here’s why the bank has just copped a further $100m in fines
• Can the Graincorp dividend really triple in 2022?
• Here are the top 10 ASX shares today
• Here are the 3 most traded ASX 200 shares on Friday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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