The S&P/ASX 50 index is home to 50 of the largest listed companies on the Australian share market.
This means the index is home to many of the highest quality and most well-known companies that the ANZ region has to offer.
Two ASX 50 shares that are highly rated are listed below:
a2 Milk Company Ltd (ASX: A2M)
A2 Milk Company is a New Zealand-based infant formula and fresh milk company. It has been growing its earnings at a quick rate over the last few years thanks to strong demand for its infant formula. This has particularly been the case in China and through the daigou channel. And while the latter has been impacted by the pandemic due to a reduction in tourism and international student numbers, management is confident this is a short term headwind.
Analysts at UBS believe that investors should look through the short term volatility and focus on its long term growth potential. It expects this to be driven by market share gains in China as its roll out in mother and baby stores increases and free trade zones are expanded. UBS has a buy rating and NZ$20.50 (A$19.22) price target on its shares.
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is one of the world's leading gaming technology companies. It is responsible for some of the most popular poker machines in play today and also has a growing number of digital and social games that are generating significant recurring revenues from their millions of daily active users.
Last month analysts at Ord Minnett put an accumulate rating and $38.60 price target on the company's shares. It was pleased with the way the company's businesses are recovering from the pandemic and the performance of its new releases. This compares to the current Aristocrat Leisure share price of $33.04.
