Many of Australia's top brokers have been busy adjusting their financial models again, leading to the publication of a large number of broker notes this week.
Below are summarized three purchase scores that caught my attention. That's why brokers think these ASX shares are in the buying area:
Austal Limited (ASX: ASB)
According to a note from Citi, his analysts kept theirs buy evaluate the actions of this shipbuilder and materially raise the price target at $ 4.04. Its analysts believe that Austal is well positioned to offer strong medium-term earnings growth through improved profitability. This should be driven in part by improved margins in the United States and growth in Asia. I think Citi is a great point and Austal might be worth considering even after the stellar rise in today's stock prices.
Elders Ltd (ASX: ELD)
A note out Morgans reveals that his analysts have updated the actions of this agro-industrial company to a insert valuation with a price target increased by $ 7.30. According to the note, the intermediary believes that the acquisition of Australian Independent Rural Retailers is good and notes that it adds to its geographic footprint and gives a greater presence to the animal health industry at higher margins . I think the Morgan are clear on this and we feel that the Elders are a good option for today's investors.
Rio Tinto Limited (ASX: RIO)
Analysts a Citi they also kept theirs buy rating and $ 114.00 price target on shares of this mining giant after its second quarter update was released on Tuesday. According to the note, although Rio Tinto was below production forecasts, this was widely expected due to recent announcements. In light of this, the intermediary maintains its rating and continues to consider it a good option for investors seeking an exposure to the resource sector. I am in agreement with Citi on Rio Tinto and I think it is one of the best options in the sector.
And here are three other top parts that a leading analyst has just named as buys.
Our first 3 Blue Chip Shares for 2019 – NOW AVAILABLE!
You're invited! For a limited time, The Motley Fool Australia is giving away a new urgent investment report detailing our 3 TOP BLUE CHIP SHARES to own in 2019.
So, if you like reliable, stable and high-performance companies that pay fat and totally exempted dividends, we'll cover you!
The # 1 is a dear old Australian company that turns its attention to high-margin companies … and quickly returns liquidity to shareholders with its heavy dividend …
While Stock # 2 is an online power that is rapidly gaining market share worldwide … ready for years (or even decades) of tremendous growth …
Even better, Stock # 3 offers a huge 6.5% dividend! That beats the rates of term deposits directly out of the water – and also offers the potential for capital gains.
You can discover all three shares within our new report now. To collect your FREE copy, simply click on the link below right now. But you'll want to hurry up: this free report is available ONLY FOR A LIMITED TIME!
SimplyCLICK HERE FOR YOUR FREE REPORT!
Motley Fool collaborator James Mickleboro has no position in any of the stocks mentioned. Motley Fool Australia has recommended Elders Limited. We Fools may not all have the same opinions, but we are all convinced that, considering a wide range of insights, we have become better investors. The Motley Fool has a disclosure policy. This article contains only general investment recommendations (with AFSL 400691). Authorized by Scott Phillips.
. (tagToTranslate) rio tinto limited (t) asx: rio (t) rio dyed stock price (t) rio dyed stock price (t) rio price of the stock (t) rio dyed dividend (t) elders ltd (t) asx: eld (t) price of shares senior (t) price of shares senior (t) eld price action (t) senior dividend (t) austal limited (t) asx: asb (t) austal share price ( t) austal price of shares (t) asb stock price (t) austal dividend (t) s & p / asx 200 (t) index: ^ axjo (t) indexasx: xjo (t) asx: xjo (t) all the ordinary (t) index: ^ axao (t) indexasx: xao (t) asx: xao (t) citi (t) morgans (t) broker buy (t) buy rating (t) buy (t) broker note (t ) broker (t) resources (t) upgrade (t) s & p / asx 200 (t) editor