Brokers name 3 ASX shares to buy now

Brokers have named CSL Limited (ASX:CSL) and these ASX shares as buys this week. Here's why they are bullish on them…

| More on:
ASX shares Business man marking buy on board and underlining it

Image Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Australia's top brokers have been busy adjusting their estimates and recommendations once again. This has led to the release of a number of broker notes.

Three broker buy ratings that have caught my eye are summarised below. Here's why brokers think these ASX shares are in the buy zone:

CSL Limited (ASX: CSL)

According to a note out of Macquarie, its analysts have retained their outperform rating and lifted their price target on this biotherapeutics company's shares to $312.00. The broker believes that CSL's new plasma collection platform could increase yields by 10% per donation in the future. It feels this could give its gross profit a big boost if regulatory approval is granted later this year or early in 2022. The CSL share price is trading at $278.51 on Thursday.

EML Payments Ltd (ASX: EML)

Another note out of Macquarie reveals that its analysts have retained their outperform rating but slashed the price target on this payments company's shares to $4.00. This follows news that the Central Bank of Ireland has concerns over its Prepaid Financial Services business, which could see its licence revoked. Macquarie has adjusted its valuation to account for the worst-case scenario. However, it is optimistic this will not happen. The EML Payments share price is recovering today but is still well below this price target at $3.18.

Webjet Limited (ASX: WEB)

Analysts at Credit Suisse have retained their outperform rating but trimmed their price target on this online travel agent's shares to $5.20. This follows the release of its full year results on Wednesday. According to the note, the broker has reduced its FY 2022 estimates to reflect a delay in international travel. However, it remains positive on the future and expects Webjet's earnings to grow strongly once the crisis passes. Particularly given pent-up demand and its stronger margins. The Webjet share price is fetching $4.51 this morning.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends EML Payments. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Broker Notes

Person pointing finger on on an increasing graph which represents a rising share price.
Broker Notes

These ASX shares could rise 20% to 30%

Big returns could be on the cards for buyers of these shares according to analysts.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Broker Notes

All about the momentum: Which ASX 200 stocks does Macquarie currently favour?

These stocks have strong positive momentum.

Read more »

Woman checking out new iPads.
Broker Notes

'Lock in profits at these levels': Expert's verdict on 2 ASX 200 shares

Tony Locantro of Alto Capital says it might be time to take profits on these high-flying ASX 200 shares.

Read more »

Woman on the phone at a hardware store.
Broker Notes

Up 21% this year, how much further upside does Macquarie tip for Metcash shares?

Metcash shares tick many boxes for investors.

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Broker Notes

Guess which popular ASX 200 stock Bell Potter just downgraded

Let's see what the broker is saying on this blue chip.

Read more »

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Miner standing in a mine site with his arms crossed.
Broker Notes

Up 41% in 2025, does Macquarie think Lynas Rare Earths shares have peaked?

The company is up nearly 400% in 5 years.

Read more »

Three miners looking at a tablet.
Broker Notes

Macquarie tips 28% upside for this ASX All Ords mining stock

Let's see why the broker is bullish on this beaten down miner.

Read more »