Tag: Motley Fool

Commonwealth Bank of Australia (ASX: CBA) shares are a popular option for investors, with the banking giant featuring in millions of portfolios across the country.

In fact, almost half of Australia owns CBA shares either directly or indirectly. When commenting on its dividend last month, the bank said:

We have increased our dividend payout ratio, improving shareholder returns and benefitting more than 12 million Australians who own CBA shares either directly or through their superannuation holdings.

So, it’s fair to say that the performance of the bank’s shares has a major impact on the wealth of the nation.

But has that impact been good or bad since the start of the year? Let’s take a look at what a $5,000 investment at the end of 2023 would have turned into today.

$5,000 invested in CBA shares

Firstly, this big four bank’s shares ended last year trading at $111.80.

This means that for an investment of $5,031, I could have picked up 45 shares in the bank.

Unfortunately, the banking sector came under pressure last week, which has dragged CBA and the rest of the big four down from 52-week highs or better.

For example, the CBA share price hit a record high of $121.55 on 8 March. At that point, my 45 shares would have been worth $5,469.75. That an impressive return of 8.7% or approximately $440 in the space of two and a bit months.

But following the pullback, the bank’s shares are now fetching $115.54. This gives my holding a market value of $5,199.30, which restricts the return to 3.3% or approximately $170.

Don’t forget the dividends

But wait, there’s more on the way. While I can’t say what the CBA share price will do in the next couple of weeks, I can predict with certainty an impending pay check.

When the bank released its results last month, it declared a fully franked interim dividend of $2.15 per share. That is due to be paid to eligible shareholders at the end of the month on 28 March.

My 45 CBA shares will provide me with an income boost of $96.75 in dividends on pay day.

Overall, not a bad little earner for investors in 2024. Here’s hoping the remainder of 2024 will be just as fruitful for its 12 million shareholders.

The post If I’d put $5,000 in CBA shares at the start of 2024, here’s what I’d have now appeared first on The Motley Fool Australia.

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More reading

• Why are ASX investors so obsessed with dividends?
• What’s going so wrong for ASX 200 shares on Friday?
• If you’d put $1m into shares vs property at the start of COVID, how much would you have now?
• Buyer beware! Why Macquarie just downgraded the big four ASX 200 banks
• How much could a $300,000 ASX share portfolio pay in dividends?

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 Scott Phillips.

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Gold Road Resources Ltd (ASX: GOR) shares could offer major upside potential from current levels.

That’s the view of analysts at Goldman Sachs, which believe the ASX 200 gold stock is undervalued at current levels.

What is Goldman saying about this ASX 200 gold stock?

Goldman highlights that the company’s operations have been hit by inclement weather.

And while this is likely to mean production that is below the market’s expectations, it will still be in line with the broker’s estimates. It explains:

GOR have announced that substantial rainfall has resulted in the closure of roads that provide access to Gruyere and the suspension of mining operations over a portion of this period, with the likely resumption of open pit access expected next week. March quarterly gold production is anticipated to be in the range of 68-73koz (100% basis), broadly in line with GSe (~73koz) but below Visible Alpha Consensus (~81koz).

In addition, Goldman feels that the ASX 200 gold miner’s full year production guidance is conservative. It adds:

CY24 production guidance is unchanged at 300-330koz (GSe 325koz, VA Consensus ~319-343koz) which we continue to see as conservative on the timing of ramping up the third pebble crusher and improvement in mining labour conditions, where GOR have also noted mining contractor MACA has been successful in the recruitment of labour to support the ongoing expansion of mining rates with the workforce now at desired levels (and total material movement rates ramped up to targeted annualised daily rates prior to the significant rain event).

Major upside potential

Goldman currently has a buy rating and $1.95 price target on the ASX 200 gold stock.

Based on its current share price, this implies potential upside of 27% for investors over the next 12 months.

The broker highlights that Gold Road doesn’t have any major growth spending and has a strong free cash flow. Despite this, it trades at a deep discount to peers. It concludes:

Our 12m PT is A$1.95/sh, and we retain our Buy rating with GOR the only gold stock in our coverage without major growth spend, supporting cash generation (near-term FCF yields of c. 5-10% in CY24-27E remain attractive vs. peers and support upside to the outlook for capital returns), while trading at a significant discount to peers at ~0.9x NAV / ~4x NTM EV/EBITDA / pricing a LT gold price of US$1,575/oz (peer average ~1.1x NAV / 5-6x EV/EBITDA / ~US$1,930/oz LT gold).

The post This ASX 200 gold stock could rise 25%+ appeared first on The Motley Fool Australia.

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More reading

• Is it too late to join the booming ASX gold rush?
• Here are the top 10 ASX 200 shares today
• ASX 200 gold shares are booming on Monday. Here’s why they could keep shining bright
• These ASX 200 mining stocks can deliver 20%+ returns

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 positions in and has recommended Goldman Sachs Group. 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 Scott Phillips.

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There are plenty of ASX 300 dividend shares trading on the local share market. But which ones could offer a winning combination of big returns and generous dividend yields?

Three that have been tipped to do just that by analysts are listed below. Here’s what sort of dividend yields you can expect from them:

Orora Ltd (ASX: ORA)

The team at Goldman Sachs thinks that this packaging company could be an ASX 300 dividend share to buy. The broker currently has a buy rating and $3.40 price target on its shares. This implies potential upside of 32% for investors from current levels.

As for income, the broker expects dividends per share of 13 cents in FY 2024 and 14 cents in FY 2025. Based on the current Orora share price of $2.57, this will mean yields of 5% and 5.45%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX 300 dividend share that has been named as a buy is Rural Funds. It is an agricultural property company that leases almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, cattle and water rights.

Bell Potter currently has a buy rating and $2.40 price target on its shares. This suggests upside of 13% for investors.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.12, this will mean yields of 5.5% in both years for investors.

Transurban Group (ASX: TCL)

Finally, analysts at Citi believe that Transurban could be an ASX 300 dividend share to buy. It is a leading toll road developer and operator. Citi has a buy rating and $15.60 price target on its shares, which implies potential upside of 20% for investors.

The broker has pencilled in dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.97, this will mean yields of approximately 5% in both years.

The post Buy these ASX 300 dividend shares for 10% gains and 5% yields appeared first on The Motley Fool Australia.

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More reading

• If I invest $10,000 into BHP shares, how much passive income will I receive?
• How are ASX REITs smashing 52-week highs despite today’s market meltdown?
• How much could a $300,000 ASX share portfolio pay in dividends?
• Buy this ASX 300 stock for a 14% gain and 5.5% dividend yield
• 3 high-yield ASX dividend shares that pay cash every quarter

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs Group and Transurban Group. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Orora. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Small-cap shares suffered greatly during the period of 13 interest rate rises over 2022 and 2023.

But with inflation cooling and the prospect of rate cuts coming, the little guys are starting to play catch up to the medium and large caps.

Here are three ASX “penny stocks” that I think could break out above the 80 cent barrier in the future:

‘More cleanup to be done in Australia’ than anyone can handle

The first two stocks are both related to improving the environment, which is why I think they have a bright future.

Certainly in recent years nations around the world have become more conscious of damage to the planet, and both these companies provide solutions.

Environmental Group Ltd (ASX: EGL) is best described as an engineering firm that provides technologies to combat air pollution, water pollution, and produce energy from biowaste.

A couple of years back, Marcus Today founder Marcus Padley attested that landing work would be no trouble for Environmental Group.

“There is more cleanup to be done in Australia that EGL could possibly handle,” he said.

“This is just a question of getting around the technology. It’s not a question of finding things to do.”

Both Bell Potter and Taylor Collison rate EGL shares as a strong buy currently, according to CMC Invest.

The analysts love these ASX penny stocks

Close The Loop Ltd (ASX: CLG) provides take-back and recycling solutions that enable a circular economy.

Ink and toner cartridges are a major program, with batteries, cosmetics and soft plastics in its remit.

CMC Invest shows both Shaw & Partners and Unified Capital Partners rating the stock as a strong buy.

The Motley Fool’s Tristan Harrison named it as one of the small caps he is intrigued by, as it is “growing revenue, improving margins and [has] appealing growth potential”.

“I think quality smaller companies are capable of outperforming bigger businesses over the long term because their growth runways are longer.”

Meanwhile, Mach7 Technologies Ltd (ASX: M7T) creates management systems for medical images in hospitals.

All five analysts surveyed on CMC Invest are rating the healthtech stock as a buy, so it must be heading in the right direction.

Contract wins from big hospitals will be the catalyst for Mach7 shares to break through the 80 cent mark in the future.

The post 3 ASX penny stocks I don’t think will be below 80 cents much longer appeared first on The Motley Fool Australia.

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More reading

• Want to make big returns? ASX small-cap shares are poised to outperform
• Where I’d invest $5,000 into ASX small-cap shares aiming for big growth

Motley Fool contributor Tony Yoo has positions in Environmental Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Close The Loop and Mach7 Technologies. The Motley Fool Australia has recommended Close The Loop, Environmental Group, and Mach7 Technologies. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week in a disappointing fashion. The benchmark index fell 0.55% to 7,670.3 points.

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

ASX 200 expected to fall again

The Australian share market looks set to fall again on Monday following a poor finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 13 points lower. On Friday on Wall Street, the Dow Jones was down 0.5%, the S&P 500 fell 0.65%, and the Nasdaq dropped 0.95%.

Oil prices soften

ASX 200 energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a subdued start to the week after oil prices softened on Friday night. According to Bloomberg, the WTI crude oil price was down 0.3% to US$81.04 a barrel and the Brent crude oil price was down 0.1% to US$85.34 a barrel. This couldn’t stop oil prices from recording a decent weekly gain thanks to tightening supplies.

TechnologyOne shares named as a buy

The TechnologyOne Ltd (ASX: TNE) share price could be good value according to analysts at Bell Potter. This morning, the broker has upgraded the enterprise software provider’s shares to a buy rating with an improved price target of $18.50. Bell Potter is expecting a strong result from the company in May. It said: “We see the 1HFY24 result as a potential catalyst with an expected strong result and an NRR [net revenue retention] around 115%.”

Gold price eases again

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price dropped again on Friday. According to CNBC, the spot gold price was down 0.4% to US$2,159.4 an ounce. This meant the precious metal recorded its first weekly decline in a month after rate cut bets started to dwindle following a hotter than expected inflation reading.

Shares going ex-dividend

A couple of ASX 200 shares are going ex-dividend this morning and could trade lower. This includes New Zealand telco Chorus Ltd (ASX: CNU) and investment platform provider Hub24 Ltd (ASX: HUB). They will be paying their eligible shareholders dividends of 15.2 cents per share and 18.5 cents per share, respectively, next month. Both have advised of payment dates of 16 April.

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

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More reading

• Buying 350 Woodside shares in an empty investment portfolio would give me a $760 income in year one
• Here’s how the ASX 200 market sectors stacked up last week
• 5 oversold ASX shares to buy in March 2024
• Here are the top 10 ASX 200 shares today
• 6 ASX 200 shares with ex-dividend dates next week

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 and Technology One. The Motley Fool Australia has recommended Hub24 and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s another busy week ahead for ASX shares.

Here is eToro market analyst Josh Gilbert’s take on the three biggest developments that investors should be looking out for:

1. RBA interest rate decision

Here we go again. 

Mortgage holders, businesses and investors alike will all be on high alert 2:30pm Tuesday to see what the Reserve Bank of Australia will do with interest rates.

Gilbert’s thinking another hold is likely.

“The data that the RBA has received this year, especially inflation data at the end of February, has reinforced that the board is done hiking. 

“However, there may not be enough evidence just yet for Michele Bullock to pivot to an easing bias.”

There’s no doubt consumers are struggling from the cost of living, but the RBA’s priority is to tame inflation, as that will cause longer term damage.

“Markets still see June as the first meeting when the RBA is likely to cut interest rates for the first time in 2024,” said Gilbert.

“This meeting will be the last meeting until May, and before then, the RBA will receive a wealth of data, including February and March monthly inflation indicators, as well as the all-important Q1 figure.”

2. US interest rate decision

The RBA’s American counterpart, the US Federal Reserve, will also make a call on their rates this week.

Inflation is proving stubborn across the Pacific too, but Gilbert said financial markets are still pricing in a rate cut in June.

“That’s because the [latest] reading showed good news on services inflation — an area of inflation Jerome Powell has fretted over in recent times.”

The big worry for stock investors is that the Fed will adopt a “higher for longer” stance.

“Given that rates are highly likely to stay on hold next week, the focus shifts to Jerome Powell’s comments, and I wouldn’t be surprised to see some pushback, which could put the US stock rally on ice.”

Gilbert added that the central bank would also update its growth projections this week, which includes metrics like “gross domestic product growth, unemployment, interest rates and inflation”.

3. Australia unemployment

The latest jobless numbers are due out on Thursday, which follows a two-year high of 4.1% last month.

“Demand for workers is falling, with Australia’s ANZ-Indeed job advertisements report showing ads were down 12.4% year-over-year in February and down 2.8% from January 2024.”

Gilbert reckons the unemployment rate will stay the same this time, but could grow to 4.3% by the last quarter of this year.

It’s all a delicate balancing act for the Reserve Bank.

“The growing unemployment rate remains one of the key drivers for the RBA to cut rates in the middle of the year. 

“However, a jump in employment outside of the RBA’s projection of 4.3% may be a slight worry for the RBA and would be a huge dent in consumer confidence if it continues to move at the same speed.”

The post 3 things ASX investors should watch this week appeared first on The Motley Fool Australia.

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More reading

• 2 ASX ETFs that have made investors rich
• Buying 350 Woodside shares in an empty investment portfolio would give me a $760 income in year one
• Where will Fortescue shares be in 3 years?
• Top brokers name 3 ASX shares to buy next week
• An 11% dividend yield from NAB shares? Here’s how these brave income investors achieved it!

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Exchange traded funds (ETFs) aren’t just good for diversifying a portfolio, they can deliver incredible market-beating returns for investors.

For example, the two ASX ETFs listed below have made its investors rich over the last five years.

Let’s see what a $50,000 investment in these ASX ETFs could have turned into:

Betashares Global Quality Leaders ETF (ASX: QLTY)

The Betashares Global Quality Leaders ETF. has been a very strong performer over the last five years.

This appears to have been driven by its focus on investing in the world’s highest quality companies (never a bad idea!).

The Betashares Global Quality Leaders ETF gives investors access to a portfolio of approximately 150 global companies (outside Australia) that rank highly on four key metrics. These metrics are return on equity, debt-to-capital, cash flow generation, and earnings stability.

At present, the fund includes global giants such as ASML, L’Oreal, Microsoft, Novo Nordisk, Nvidia, and Visa.

Over the last five years, this ASX ETF has delivered an average return of 15.9% per annum. This would have turned a $50,000 investment into approximately $104,000.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ASX ETF that has delivered very strong returns to unitholders is the VanEck Vectors Morningstar Wide Moat ETF.

This popular fund invests in a group of companies that have wide moats (sustainable competitive advantages) and fair valuations. These are qualities that legendary investor Warren Buffett searches for when he makes his investments for Berkshire Hathaway (NYSE: BRK.B).

And with Berkshire Hathaway smashing the market since 1965, it could pay to follow Buffett’s lead.

At present, its holdings include Wells Fargo, Walt Disney, Estee Lauder, Campbell Soup, Nike, and Etsy.

Over the last five years, this ASX ETF has generated an average annual return of 16.4%. This would have turned a $50,000 investment into approximately $107,000.

The post 2 ASX ETFs that have made investors rich appeared first on The Motley Fool Australia.

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More reading

• 5 ASX ETFs to buy and hold for 10 years
• 2 excellent ASX ETFs I’d buy right now
• 2 excellent ASX ETFs to buy and hold for a decade
• 5 ASX shares to buy for an effortless path to financial freedom
• 2 ASX ETFs for beginner investors to buy in March

Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended ASML, Berkshire Hathaway, Etsy, Microsoft, Nike, Nvidia, Visa, and Walt Disney. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Novo Nordisk and has recommended the following options: long January 2025 $47.50 calls on Nike, long January 2026 $395 calls on Microsoft, and short January 2026 $405 calls on Microsoft. The Motley Fool Australia has recommended ASML, Berkshire Hathaway, Nike, Nvidia, VanEck Morningstar Wide Moat ETF, and Walt Disney. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Many Australians believe passive income is a privilege that only wealthy people have access to.

But in reality it’s not.

Buying just a handful of ASX shares could start your own experience of receiving money in return for no work.

Check out this hypothetical:

Here’s what Woodside shares could provide you

Woodside Energy Group Ltd (ASX: WDS) is an Australian oil and gas producer.

Yes, the world is quite rightly trying to move away from fossil fuels. But the infrastructure necessary to generate enough power from renewable energy sources to completely take over is many years, or even decades, away.

In the meantime, a fast-growing middle class population in countries like India, China and Brazil are demanding living standards that those of us fortunate enough to be in the West have enjoyed for decades.

All this requires energy.

Up until a few months ago, the Woodside dividend yield was incredibly up in double digits. The coming April dividend has brought it down to a more sane 7.5%.

So if you have an empty portfolio and as the first move you buy 350 Woodside shares, you will have spent just a touch over $10,000.

If the company can maintain the current yield, by the end of the first year you will have pocketed about $760.

That’s your first passive income!

Patience = even larger passive income

What if you want a bigger flow of income?

Then, keep reinvesting those dividends, continue saving, and let the portfolio grow for a few years.

After 10 years of adding $200 monthly and compounding at 7.5% each year, your Woodside shares could be worth a tidy $54,769.

That means that from the 11th year, you could cash in an average of more than $4,100 of annual passive income.

That could buy you a nice holiday for your family each year that is effectively free.

The post Buying 350 Woodside shares in an empty investment portfolio would give me a $760 income in year one appeared first on The Motley Fool Australia.

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More reading

• 5 oversold ASX shares to buy in March 2024
• Here are the top 10 ASX 200 shares today
• Woodside share price slips despite oil hitting 2024 highs
• 5 things to watch on the ASX 200 on Thursday
• At $29, I think the Woodside share price could be 20% undervalued!

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Fortescue Metals Group Ltd (ASX: FMG) shares have done very well for shareholders in recent years.

Thanks to the huge dividends, the ASX iron ore share has delivered an average return per annum of around 21% over the last three years.

There are two main areas that will impact the company’s outlook.

Iron ore

The company is one of the largest iron ore miners in the world, so changes in the iron ore price can significantly impact its profit.

The iron ore price has dropped heavily, to under US$110, after being above US$140 per tonne in January 2024. This is the lowest it has been in seven months, according to Trading Economics. That would explain the recent fall of the Fortescue share price.

Trading Economics said the fall of the iron ore price was because of subdued demand in China, due to seemingly cautious steelmakers. Trading Economics suggested the steelmakers are “hesitant to restock due to sluggish production resumption”. Steel inventory is reportedly higher than a year ago, reflecting weaker demand by users of steel.

The fall is because of subdued demand in China, as steelmakers look to be cautious and are “hesitant to restock due to sluggish production resumption”, with steel inventory higher than a year ago, reflecting “weak downstream demand”.

On top of that, the recent “National People’s Congress in China failed to provide any significant support for the property market, and a slow start to the construction season is further dampening steel demand”, according to Trading Economics.

It’s very difficult to predict what’s going to happen with the iron ore price – the last four years have shown how volatile things can be.

Commonwealth Bank of Australia (ASX: CBA) analysis suggests the iron ore price could fall below US$100 per tonne in the short term, according to reporting by the Australian Financial Review.

However, CBA also thinks the iron ore price could rebound as a result of higher infrastructure-related demand and offset the weaker property-related demand in China.

CBA is expecting the iron ore price to be between US$100 per tonne to US$110 per tonne during 2024.

However, the further into the future we go, the harder it is to predict.

The iron ore price makes a big difference to Fortescue’s profitability.

UBS suggests that Fortescue could make net profit after tax (NPAT) of US$4.9 billion in FY24, US$6.06 billion in FY25, US$4.6 billion in FY26 and US$3.8 billion in FY27.

In other words, UBS is predicting lower profit in future years amid an expected growing amount of production from Africa, which could impact the iron ore price.

Green energy

The business is working hard to create a global portfolio of energy projects that produce green hydrogen. As time goes on, this segment could have a greater impact on the Fortescue share price.

It has achieved a final investment decision on the Phoenix Hydrogen Hub in the USA, and the Gladstone PEM50 project in Queensland, Australia.

The Phoenix hydrogen hub is expected to start commercial operation in mid-2026, so within three years, the company expects to be producing green hydrogen.

The Holmaneset project is on a good course following a €204 million grant from the European Union.

Fortescue has a goal to produce 15 million tonnes of green hydrogen per annum by 2030. So, three years from now will represent roughly halfway.

The company also aims to decarbonise its mining operations by 2030, so in three years, it will need to have made roughly 50% progress towards this goal.

Valuation

Based on the UBS estimates, the Fortescue share price is valued at 7 times FY24’s estimated earnings and under 13 times FY27’s estimated earnings.

In FY24, it could pay a grossed-up dividend yield of 11.3% and 5.1% in FY27.

The post Where will Fortescue shares be in 3 years? appeared first on The Motley Fool Australia.

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• If you’d put $1m into shares vs property at the start of COVID, how much would you have now?
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Motley Fool contributor Tristan Harrison has positions in Fortescue. 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 Scott Phillips.

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It has been another busy week for Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Goodman Group (ASX: GMG)

According to a note out of Macquarie, its analysts have retained their outperform rating on this industrial property company’s shares with an improved price target of $34.89. The broker has been looking at the listed property sector following earnings. It was so pleased with Goodman’s performance that it has highlighted the company as a top pick in the sector. Pleasingly, it believes the company’s strong form can continues and is forecasting deliver double-digit earnings growth over the coming years. The Goodman share price ended the week at $30.86.

Liontown Resources Ltd (ASX: LTR)

A note out of Bell Potter reveals that its analysts have retained their speculative buy rating on this lithium developer’s shares with an improved price target of $1.90. This follows the announcement of a $550 million senior secured syndicated debt facility. The broker notes that this has reduced its near-term funding overhang and will see the company through to its first production and the ramp-up to 3mtpa. The Liontown share price was fetching $1.25 on Friday.

Telstra Group Ltd (ASX: TLS)

Another note out of Bell Potter reveals that its analysts have upgraded this telco giant’s shares to a buy rating with a $4.25 price target. Bell Potter made the move on valuation grounds following a period of underperformance from Telstra’s shares. It highlights that this has left them looking reasonable value trading on an FY 2025 price to earnings (PE) ratio of under 20x. Bell Potter notes that this is lower than the average multiples of other comparable companies. The Telstra share price ended the week at $3.83.

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

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More reading

• 5 oversold ASX shares to buy in March 2024
• These ASX shares could rise 20% to 50%
• $20,000 invested in these ASX 200 shares 10 years ago is worth how much?
• Liontown share price tumbles 7% on half-year results
• Why are ASX lithium shares being annihilated 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 positions in and has recommended Goodman Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group and Telstra Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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