Tag: Motley Fool

If you have room for some new portfolio additions this week, then it could be worth considering the two ASX 200 growth shares listed below.

Here’s what you need to know about these buy-rated shares:

Lovisa Holdings Limited (ASX: LOV)

The first ASX 200 growth share to look at is fast-fashion jewellery retailer Lovisa.

It could be a top long term option due to its strong brand, highly experienced management team, and bold global expansion plans.

Morgans is very bullish on the company. This is due to its massive store expansion potential. It recently commented:

What was even more remarkable than the result itself was the phenomenal scale of LOV’s ambition. In its own words, LOV is ‘building a global brand’, which will involve the development of a global presence that we believe will far out scale the 651 stores in the portfolio today.

The momentum of growth is expected to increase in FY23 and the addition of further new markets, perhaps including Italy and Mexico, appears more than likely. In our opinion, it won’t stop there. Expansion in Hong Kong seems to us to be a precursor to a move into mainland China in due course. And if LOV can prove itself in Italy, the European fashion capital, why not Japan, its counterpart in Asia, further down the track?

Morgans has an add rating and $24.00 price target on its shares. This compares to the latest Lovisa share price of $21.93.

Xero Limited (ASX: XRO)

Another ASX 200 growth share to look at is Xero. It is a fast-growing cloud-based accounting solution provider to small and medium sized businesses.

Xero’s rapid growth in recent years has been driven by the shift to the cloud, its global expansion, and a series of bolt-on acquisitions. Pleasingly, the company still has a very long runway for growth. At the last count, Xero had amassed 3.3 million subscribers. This compares to its total addressable market of 45 million subscribers.

Goldman Sachs is a big fan of the company and believes it is well-placed for long term growth. It previously commented:

Key pillars of our buy thesis are: (1) Xero has a long runway for cloud accounting growth (in existing and new markets); (2) can drive earnings through monetisation of its ecosystem; (3) has highly attractive unit economics; and (4) substantial barriers to entry at scale.

As a result, the broker has a buy rating and $111.00 price target on Xero’s shares. This compares to the current Xero share price of $78.95.

The post 2 ASX 200 growth shares analysts rate as buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Markets move all the time. Why it’s important to ‘keep calm and focus on longer-term strategy’
• Here’s how I’d invest $2,000 in ASX shares if I’d just turned 18
• Xero share price is tumbling 5%, but could it be worth a buy?
• Goldman Sachs names 2 ASX tech shares to buy now

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 Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/WTOZVjY

Today’s market action has been pretty brutal on ASX lithium shares, with the materials sector one of the worst hit.

The S&P/ASX 200 Materials Index (ASX: XMJ) finished down 5.27% and was the second-worst performing sector on Monday, behind the S&P/ASX 200 Energy Index (ASX: XEJ).

Things weren’t looking too good on a more macro level either, as the S&P/ASX 200 Index (ASX: XJO) also struggled, closing at a 1.6% loss.

Driving the nail deeper, some lithium shares ended Monday down 12% or more. Let’s assess the damage.

Anson Resources Ltd (ASX: ASN)

The Anson Resources share price closed down 16.9% this afternoon. Investors could be reeling after the company’s 16 September announcement that it would raise $50 million as part of a capital raise.

Anson Resources will raise funds from institutional investors, and will issue 139 million shares for 36 cents apiece.

Monies will be used to fund the development of its Paradox Lithium Project in the United States.

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price finished trade down 13.16%. This company has defied sell-offs over the past week and was one of the better-performing ASX lithium shares last Wednesday.

The miner is involved in producing graphite, an important material used in the construction of batteries used in electric vehicles.

The most recent update from the company came last Friday when it announced preliminary drilling results at its Rincon Lithium Project in Argentina, with a better outcome than anticipated.

Morella Corporation Ltd (ASX: 1MC)

The Morella Corporation share price closed the day down 12%.

The ASX lithium share posted its annual report for FY22 to the market on 23 September.

In it the company reported a $682,944 loss after providing for income tax and non-controlling assets for the financial year. That’s significantly lower than the $73 million loss it reported in the previous corresponding period.

Meanwhile, revenues for the company ended at $788,937, while revenues for 2021 were $133,382.

The post 3 ASX lithium shares that dropped by 12% or more on Monday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Argosy Minerals share price charges higher on lithium update
• Which ASX lithium shares are performing best in 2022?
• These three ASX lithium shares defied Wednesday’s selloff
• Anson Resources share price dives 8% after $50m capital raise
• Why is ASX lithium share Anson Resources on ice today?

Motley Fool contributor Matthew Farley 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.

from The Motley Fool Australia https://ift.tt/egiAKIm

The AGL Energy Ltd (ASX: AGL) share price has been shaky the last few months as investors unload their positions en masse.

Shares in the energy giant are now down 19% over the past month of trade and about 25% lower than the $8.58 apiece they were fetching on 10 August.

Spurring the plunge has been a series of unfortunate events for the energy retailer. Most recently, the AGL’s outgoing CEO Graeme Hunt is set to part ways with the company at the end of this month.

If it’s any consolation, AGL will hold its strategy day later this month, where it will reveal the findings of its strategic review.

No strategic changes seen

Despite the purported interest around AGL’s strategy day, analysts at Macquarie aren’t sharing the excitement.

The broker reckons it’s unlikely to see any new major strategic changes as part of the energy giant’s ongoing review.

In previous times, it was AGL’s dividend that was attractive to investors but Macquarie now believes AGL will use its large FY22 profit to fulfil different mandates.

Notably, Macquaries said there’s “a need for debt reduction, funding of provisions and re-investment in batteries and the energy hubs”, according to a note cited by The Australian.

Retaining cash instead of increasing the dividend would “address AGL’s balance sheet debt and provide the capital to co-invest in the development cities,” it added.

What this means for AGL shares, we will have to see, but no change might mean no change to the share price as well.

Also, for what it’s worth, AGL is trading at relatively low multiples right now.

It currently trades on a price-to-earnings ratio (P/E) of 5.2 times, giving investors an earnings yield of more than 19% at its current price.

That sits well below the Global Industry Standard Classification median for the Utilities Sector of 14.4 times. Meanwhile, AGL also generated a 14% return on equity (ROE) last year and trades at a price-to-book (P/B) ratio of 0.7 times.

That means our ROE as investors is 20% with the share trading at that multiple.

Hence, whilst Macquarie sees no strategic change ahead, the question still remains if there’s to be a change in the AGL share price.

The post Despite all the recent noise, is it business as usual for AGL shares? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• What’s next for AGL shares following the company’s latest shake-up?
• AGL share price dips following changing of the guard
• AGL share price slides amid shareholder revolt
• What’s going on with the AGL share price today?
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Zach Bristow 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 Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/KHisDu5

The S&P/ASX 200 Index (ASX: XJO) tumbled amid global recession fears on Monday. The index closed 1.6% lower at 6,469.40 points.

Its fall followed a similarly tough Friday session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) ended last week with a 1.6% tumble while the S&P 500 Index (SP: .INX) fell 1.7% and the Nasdaq Composite Index (NASDAQ: .IXIC) plunged 1.8%.

The S&P/ASX 200 Energy Index (ASX: XEJ) was the market’s worst performer on Monday, falling 6.3% amid lower oil prices.

The Brent crude oil price fell 4.8% to US$86.15 a barrel on Friday and the US Nymex crude oil price slipped 5.7% to US$78.74 a barrel.

The S&P/ASX 200 Materials Index (ASX: XMJ) also tumbled 5.3%.

But it wasn’t all bad. The S&P/ASX 200 Health Care Index (ASX: XHJ) gained 2% while the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and the S&P/ASX 200 Information Technology Index (ASX: XIJ) rose 1.2% and 1.1% respectively.

All in all, five of the ASX 200’s 11 sectors closed higher on Monday. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The Nanosonics Ltd (ASX: NAN) share price led the index on Monday gaining close to 5%. That’s despite no news having been released by the healthcare giant.

Find out more about Nanosonics and what it’s been up to here.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Nanosonics Ltd (ASX: NAN)	$3.58	4.68%
Megaport Ltd (ASX: MP1)	$7.44	4.56%
REA Group Limited (ASX: REA)	$119.15	3.49%
TechnologyOne Ltd (ASX: TNE)	$11.01	3.38%
Altium Limited (ASX: ALU)	$35.01	3.27%
Xero Limited (ASX: XRO)	$78.95	3.16%
Seek Limited (ASX: SEK)	$19.63	2.99%
Cochlear Limited (ASX: COH)	$202.34	2.94%
ResMed Inc (ASX: RMD)	$32.96	2.87%
Fisher & Paykel Healthcare Corp Ltd (ASX: FPH)	$17.25	2.68%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Altium, Greenwing, Superloop, and Universal Store shares are racing higher
• Not all ASX 200 shares are getting hammered today. Here are some winners
• These are the 10 most shorted ASX shares
• Markets move all the time. Why it’s important to ‘keep calm and focus on longer-term strategy’
• Here’s how I’d invest $2,000 in ASX shares if I’d just turned 18

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 positions in and has recommended Altium, Cochlear Ltd., MEGAPORT FPO, Nanosonics Limited, ResMed Inc., and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended Nanosonics Limited, ResMed Inc., and Xero. The Motley Fool Australia has recommended Cochlear Ltd., MEGAPORT FPO, REA Group Limited, SEEK Limited, and TechnologyOne Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/MeCrPac

The Coles Group Ltd (ASX: COL) share price has seen a bit of volatility this year. But, arguably, less than the S&P/ASX 200 Index (ASX: XJO).

In 2022, Coles shares have dropped 7% while the ASX 200 is down by 13%.

The supermarket business may be seen as a defensive ASX 200 share. We all need to eat food, right? During the difficult lockdowns of COVID-19, it was businesses such as Coles that were deemed to be essential and could stay open. Shoppers continued buying and the supermarket business kept generating profit.

FY22 saw Coles report that total sales revenue increased by 2% to $39.4 billion and net profit after tax (NPAT) went up by 4.3%.

Is the Coles share price a defensive ASX 200 buy?

Some investors aren’t sure if the business is worth buying yet. For example, writing on The Bull, Arthur Garipoli from Seneca Financial Solutions said:

The supermarket and liquor giant’s result in fiscal year 2022 was in line with market expectations. Like most retailers, Coles experienced cost pressures in response to COVID-19. In a higher interest rate environment, Coles can be sufficiently agile to appeal to shoppers by ensuring affordable prices.

Growth of sales and earnings is certainly not guaranteed. Coles pointed out that in FY23, supermarket sales growth will be cycling against COVID-19 lockdowns in the first half of FY22 (for New South Wales, Victoria and the Australian Capital Territory), and price inflation in the second half of FY22.

While it’s able to pass on price increases for some products, it is suffering from cost inflation in areas like rent, wages, packaging, raw ingredients and freight.

However, some brokers are positive on the business. Both Citi and Morgans think that the Coles share price can rise by around 20% to $20 over the next year. Those analysts believe that the sale of Coles Express to Viva Energy Group Ltd (ASX: VEA) will allow the business to concentrate on and invest in the supermarket and liquor businesses.

Fuel and convenience sale

Coles will receive $300 million and assign leases, which currently represent a liability of $816 million on Coles’ balance sheet, to Viva Energy at completion. This is expected to occur in the second half of FY23, subject to approvals.

Customers will still get existing loyalty benefits, including the 4 cents per litre fuel discount.

The Coles Express-branded network will be rebranded by Viva Energy. The majority of sites will be completed over the next two years.

Coles will continue to partner with Viva Energy in relation to product supply arrangements, including accessing Coles’ own-brand product range.

Coles share price snapshot

Over the last month, Coles shares have dropped 5.5%.

The post Is the Coles share price a defensive ASX 200 buy right now? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Top brokers name 3 ASX shares to buy next week
• Brokers name 3 ASX shares to buy today
• Goldman Sachs gives its verdict on the Coles share price
• Here are 2 ASX 200 blue chip shares that experts rate as buys
• 5 things to watch on the ASX 200 on Friday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/hYk4bpJ

The Syrah Resources Ltd (ASX: SYR) share price is deep in the red today amid the company advising of what it calls “illegal industrial action” at its graphite operation in Mozambique.

Shares in the graphite miner and battery anode developer are currently trading for $1.517 each, a 20.58% drop on Friday’s closing price.

Let’s take a closer look at what the company announced today.

Work halts at Balama site

The update said the company had to stop work at its Balama graphite operation and move its remaining personnel from the site last Tuesday. This was due to actions by “a small contingent of local employees and contractors” causing safety concerns, the update reported.

Syrah notes “the actions taken by this group are not deemed representative of the majority of the Balama workforce”.

Negotiations are reportedly underway between the aggrieved personnel, the site’s internal union committee, and Mozambique government representatives to resolve the issue.

Once the safety of its personnel can be secured, employees and contractors will return to the site with operations restored “as soon as possible”, according to the update.

The company also gave a short operational update. It said 38 kilotonnes of graphite had been produced in the current quarter and sales stood at 54 kilotonnes.

Syrah Resources shares were halted on September 21 to give the company time to post today’s announcement to the market.

My Fool colleague James notes it is not the first time Syrah’s operations have come to an unplanned halt. Previous stoppages include attacks by insurgents at the company’s mine site near Ancuabe, a fair distance from the Balama project.

Syrah Resources share price snapshot

The Syrah Resources share price is down 21.66% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is 14.5% lower over the same period.

The company’s current market capitalisation is $1.02 billion.

The post Syrah Resources share price sinks 21% amid ‘illegal action’ appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why BHP, Costa, Link, and Syrah shares are dropping
• Why is the Syrah share price halted?
• Investors are obsessed with ASX lithium shares, but what about this other critical battery metal?
• Batteries and water: Experts name 2 ASX shares you can’t ignore

Motley Fool contributor Matthew Farley 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.

from The Motley Fool Australia https://ift.tt/NY6HIrk

The Woolworths Group Ltd (ASX: WOW) share price is having a solid day despite the market selloff.

In afternoon trade, the retail giant’s shares are up over 2.5% to $34.77.

This compares very favourably to the performance of the S&P/ASX 200 Index (ASX: XJO), which is currently down 1.4% to 6,484.2 points.

Why is the Woolworths share price outperforming?

The Woolworths share price is charging higher today despite there being no news out of the company.

However, it is worth noting that Woolworths is seen as a very defensive option for investors. That’s because demand for the products it sells remains reasonably consistent whatever is happening in the economy.

So, with the Australian share market being sold off today amid concerns that rising interest rates will lead to a global recession, investors appear to have been rotating out of riskier assets like lithium shares and into Woolworths.

It is likely to be for the same reason that rivals Coles Group Ltd (ASX: COL), Metcash Limited (ASX: MTS), and Wesfarmers Ltd (ASX: WES) are pushing higher today.

Is Woolworths good value?

One leading broker that would be supportive of this rotation is Goldman Sachs.

Its analysts recently reiterated their buy rating and $44.10 price target on the company’s shares.

Based on where Woolworths’ shares are trading currently, this implies potential upside of 27% over the next 12 months.

The post Why is the Woolworths share price having such a stellar run on Monday? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Could the current Woolworths dividend be in jeopardy?
• How many Woolworths shares does the CEO hold after his $8.4 million sell-down?
• Are these ASX blue-chip shares losing their defensive benefits?
• Attention Endeavour shareholders: Here’s some news on your dividends
• Have Woolworths shares ‘got their mojo back’?

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 positions in and has recommended COLESGROUP DEF SET and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/qJmB9MP

It’s been a busy year for ASX 200 banking shares this year. The beginning of 2022 saw the banking sector take refuge at the top of the leaderboard with investors betting on higher interest rates and a rotation out of tech.

This was short-lived however with the market turning sour on ASX banks in favour of energy and mining stocks that have benefitted from the energy crunch in Europe.

There’s been somewhat of a return to glory for the banking basket in the second half of 2022 following the release of FY22 results and annual reports.

How does ANZ stack up against the other banks?

Measures of profit are crucial in the examination of businesses. Net income or profit is tied to cash flow, revenue and the balance sheet, so it’s an important number.

However, profitability is also measured in a couple of other ways. This is important to make an apples-to-apples comparison between companies and to check against self-averages.

First, the amount of earnings per share (EPS) generated for the period, which measures the profit shareholders would receive for each unit of stock owned.

This is often combined with the price-to-earnings (P/E) ratio to determine valuation.

Free cash flow is also essential, as it measures the available level of cash that’s left over after obligations have been paid.

Meanwhile, a company’s return on assets (ROA) and return on equity (ROE) are also important to know.

ROA records how much income a company generates from the investments it makes into various assets, such as machinery, or software. The higher the better.

The ROE meantime tells us the return each bank generated for its equity holders. Again, the higher the better, as it tells us a high amount of profit was generated for the owners of the company – an ideal situation.

As seen in the table below, if we benchmark the group by its median results, Australia and New Zealand Banking Group Ltd (ASX: ANZ) looks to be mostly in line with peers on the measures of profitability described above.

Net profit margin of 31.6% and ROA are in-line with the median of the big four, whereas it produced a higher amount of free cash flow than all competitors listed.

Name	Revenue	Net Income	Net  Margin	EPS	Free Cash Flow	ROA	ROE
Australia and New Zealand Banking Group	$        19,529.00	$          6,162.00	31.6%	$     2.03	$        4,433.00	0.6%	9.9%
Sector median	$        20,156.00	$          5,458.00	29.3%	$     1.85	$        3,321.00	0.7%	9.1%
Commonwealth Bank of Australia	$        24,293.00	$        10,771.00	44.3%	$     6.01	$        3,351.00	0.8%	12.8%
National Australia Bank Ltd	$        18,034.00	$          6,364.00	35.3%	$     1.85	$        3,976.00	0.7%	10.4%
Westpac Banking Corp	$        22,278.00	$          5,458.00	24.5%	$     1.38	$        3,321.00	0.6%	7.8%
Bank of Queensland Ltd	$          1,688.00	$             369.00	21.9%	$     0.62	$           185.00	0.5%	7.1%

ANZ also came in with an above-peer ROE of 9.9% and shareholders enjoyed $2.03 in earnings per share for the 12 months to June 2022.

In terms of being the most profitable, however, that doesn’t seem to be the case here.

Commonwealth Bank of Australia (ASX: CBA)’s net margin was 44.3% for the period, and it generated $6.01 in EPS as well.

This was carried through to the highest ROA and ROE amongst all peers including ANZ. Similarly, National Australia Bank Ltd (ASX: NAB) outperformed as well.

Therefore based on this rudimentary analysis we could say that ANZ has above-sector profitability, but we can’t necessarily say it has the best profit margins out of the big four ASX banks.

The post Does ANZ really have the best profit margins of the big four bank shares? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Can the ANZ share price stretch higher if interest rates keep rising?
• Here’s why I decided to buy each of the big 4 ASX 200 bank shares
• Looking to buy CBA shares? Here’s how the bank’s balance sheet stacks up
• Top brokers name 3 ASX shares to buy next week
• Why has the ANZ share price been outperforming the ASX 200 this week?

Motley Fool contributor Zach Bristow 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.

from The Motley Fool Australia https://ift.tt/vkoXN7d

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

Brickworks Limited (ASX: BKW)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this building products company’s shares to $24.00. This follows the release of a solid full year profit result last week that was 10.1% ahead of consensus estimates. In addition, Morgans highlights that its shares screen as cheap given the current discount to inferred NTA and the pipeline of value accretive projects to be potentially realised over coming years. The Brickworks share price is trading at $21.18 on Monday.

GPT Group (ASX: GPT)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $4.70 price target on this property company’s shares. Macquarie sees an opportunity for GPT to unlock balance sheet capacity to fund its massive uncommitted development pipeline. It appears to believe that this would bode well for its future growth if done successfully. The GPT share price is fetching $3.86 this afternoon.

Lendlease Group (ASX: LLC)

A note out of Ord Minnett reveals that its analysts have retained their buy rating and $12.50 price target on this property company’s shares. Although the broker acknowledges that Lendlease is operating in a challenging leasing environment, it remains positive enough to retain its buy rating on Lendlease’s shares. This is due partly to company’s development pipeline, which includes high quality projects such as the new Google campus. The Lendlease share price is trading at $9.08 on Monday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Brokers name 3 ASX shares to buy today
• Brickworks has maintained or grown its dividend every year for 46 years. Here’s the latest
• Brickworks share price edges higher on $746 million profit result
• Here are the top 10 ASX 200 shares today
• Why Brickworks, IDP Education, IGO, and New Hope shares are racing higher

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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/hpV3P5y

The Novonix Ltd (ASX: NVX) share price is in the red once more today, tumbling to its lowest point since January 2021.

The tech favourite’s downfall comes amid a broader market sell-off and despite the strong performance of its home sector.

The Novonix share price is $1.835 right now, 3.93% lower than its previous close.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has recovered much of its earlier slump to trade 1.26% lower this afternoon. At the same time, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is one of a handful of sectors trading in the green. It’s lifted 1.02% right now.

So, what’s going wrong with the Novonix share price? Let’s take a look.

Novonix share price extends losses on Monday

The Novonix share price tumbled to a new 52-week low of $1.805 earlier today, marking a 5.5% fall.

Its tumble came amid a sell-off event that has seen the S&P/ASX 200 Materials Index (ASX: XMJ) slump 4.62% at the time of writing.

And therein might lie the reason behind Novonix’s suffering today.

While the company is technically at home in the technology sector due to its work in the lithium battery industry, it’s also involved in the development and supply of graphite anode material. Thus, it’s feasible that it’s trading more in line with the materials sector today.

The sector appears to be experiencing a major sell-off amid growing fears of a recession.

Additionally, Novonix’s stock has been on a downhill trajectory lately, falling 18.8% over the last fortnight.

Its struggles seemingly kicked off amid the latest round of inflation data from the United States. That news saw Wall Street fall from its September peak, with the Dow Jones Industrial Average Index (DJX: .DJI) slumping 8.6% between 12 September and Friday’s close.

The Novonix share price’s latest fall sees it 83% lower than it was at the start of 2022. It has also fallen 72% since this time last year.

The post Novonix share price dives again, down 19% in two weeks appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Guess how many companies in the ASX 300 actually make no money
• Could this be a red flag or false alarm for Novonix shares?
• Novonix share price sinks 7% amid Wall Street walloping
• Here are the top 10 ASX 200 shares today
• Why is the Novonix share price soaring 7% on Tuesday?

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 Scott Phillips.

from The Motley Fool Australia https://ift.tt/esRa3GJ