Top ASX shares to buy in June 2021

Looking to add to your portfolio before FY21 draws to a close? These are some of the ASX shares experts reckon are worth considering in June.

A happy looking woman holding a colourful umbrella against a grey cloudy sky.

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

With winter upon us and the end of the financial year approaching, we asked our Foolish contributors to compile a list of some of the ASX shares experts are saying to Buy in June.

Here is what the team have come up with…

Bernd Struben: Commonwealth Bank of Australia (ASX: CBA)

My top ASX share pick for June is Commonwealth Bank for both its potential capital and dividend growth. The CBA share price has gained around 57% over the past 12 months. In fact, it breached the $100 mark for the first time ever just last week. And Kardinia Capital portfolio manager Kristiaan Rehder believes there's more to come.

Rehder says that asset growth is looking very favourable for CBA in the current market. The bank has a tier-one core capitalisation ratio of around 13%. He calculates that works out to some $10 billion of surplus capital set to benefit shareholders either via dividends or buybacks.

Based on its share price of $99.72 at the time of writing, CBA has a market capitalisation of around $177 billion. It pays a trailing dividend yield of 2.5%, fully franked.

Motley Fool contributor Bernd Struben does not own shares of Commonwealth Bank of Australia.

Tristan Harrison: Pushpay Holdings Ltd (ASX: PPH 

The electronic donation business continues to experience an upswing in profit margins. In FY21, its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) margin increased from 22% to 34%.  

Pushpay is expecting further operating leverage as it grows revenue whilst expense growth is limited. The business is also expecting to grow the number of customers using its donor management system.  

It's also looking to grow in the Catholic church segment over the next few years with an initial investment of between $6 million to $8 million in FY22. Pushpay is targeting a market share of over 25% of Catholic parishes.  

Motley Fool contributor Tristan Harrison does not own shares of Pushpay Holdings Ltd.

Mitchell Lawler: Catapult Group International Ltd (ASX: CAT)

The past year has been a challenging environment for sports organisations and companies to navigate. As borders closed, and health concerns mounted, sporting events all but ground to a halt.

Despite what has been described as the worst global sports industry conditions since World War 2, sports analytics company Catapult has managed to pull through.

Not only did the company stay afloat in FY21, but it also expanded. Catapult achieved 100% penetration of NFL teams and grew its multi-solution customers to include the Seattle Seahawks, Stanford University American Football, and the Arizona Coyotes, among others.

Further vaccine rollouts and a shift to more subscription-based sales have Catapult "increasingly confident" in its outlook.

Motley Fool contributor Mitchell Lawler does not own shares of Catapult Group International Ltd.

Sebastian Bowen: CSL Limited (ASX: CSL)

CSL, like many ASX shares, had its business model significantly disrupted by COVID-19 last year. CSL shares have also been hurt over the past few months by a strengthening Australian dollar. But there have been strong signs the company still has a very long growth pipeline.

Overall, CSL arguably remains a strong blue-chip share and the company could continue to be a dominant force in the global healthcare sector. Its slowly-but-steadily rising dividend also offers a benefit of owning CSL shares.

Broker Macquarie Group Ltd (ASX: MQG) has CSL shares as a 'Buy', with a 12-month share price target of $312. At the time of writing, the CSL share price is trading at $290.21. Macquarie thinks CSL will deliver meaningful revenue and earnings growth over FY2021, fuelled by immunoglobulin and plasma collections. 

Motley Fool contributor Sebastian Bowen does not own shares of CSL Limited.

Brendon Lau: Costa Group Holdings Ltd (ASX: CGC)

According to one broker, the Costa Group share price could bounce next month from its devastating sell-off on the back of a disappointing trading update. Goldman Sachs believes shares in the fruit and vegetable grower were oversold when management warned of labour shortages and weak prices for tomatoes and avocados.

But Goldman sees the share price weakness as a buying opportunity as Costa has a number of medium-term growth opportunities in its favour. These include its expansion into China and Morocco. The broker is recommending the Costa share price as a 'Buy' with a 12-month price target of $4.85. At the time of writing, Costa shares are trading at $3.40.

Motley Fool contributor Brendon Lau does not own shares of Costa Group Holdings Ltd.

Rhys Brock: Bigtincan Holdings Ltd (ASX: BTH

Bigtincan develops sales enablement software. Its platform is designed to support businesses throughout their entire sales and marketing lifecycle, from onboarding and training new staff to managing customer relationships and automating manual processes. 

The Bigtincan share price has slid around 6% so far this year. It's now also around 35% below its 52-week high of $1.60 reached in October. The sell-off has come despite the company recently reaffirming its guidance for full-year FY21 revenue at the upper end of between $41 million and $44 million (implying a year-on-year increase of as much as 42%!).   

Motley Fool contributor Rhys Brock owns shares of Bigtincan Holdings Ltd. 

James Mickleboro: Nitro Software Ltd (ASX: NTO)

Nitro Software is a company that aims to drive digital transformation in businesses around the world. It does this via its Nitro Productivity Suite, which provides integrated PDF productivity and electronic signature tools.

Demand for its offering has been growing strongly, leading to 68% of Fortune 500 companies and three of the Fortune 10 becoming customers. This helped underpin a 64% increase in annualised recurring revenue (ARR) to $27.7 million in FY20.

Pleasingly, management is expecting more of the same in FY21. It has provided ARR guidance of $39 million to $42 million. This will mean year-on-year growth of between 41% and 51.6%.

Morgan Stanley currently has an overweight rating and a $3.70 price target on Nitro shares. The company closed Monday's session at $2.88 per share.

Motley Fool contributor James Mickleboro does not own shares of Nitro Software Ltd.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends BIGTINCAN FPO and Catapult Group International Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. and PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Macquarie Group Limited. The Motley Fool Australia has recommended BIGTINCAN FPO, Catapult Group International Ltd, Nitro Software Limited, and PUSHPAY FPO NZX. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Best Shares

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Best Shares

Top ASX shares to buy in November 2024

These are the ASX stocks our Foolish writers say should be on your ticket right now!

Read more »

A businessman hugs his computer and smiles.
Best Shares

3 stocks Australians can buy and hold for the next 20 years

I'd bet that these shares will be bigger and better in 2044.

Read more »

A happy boy with his dad dabs like a hero while his father checks his phone.
Best Shares

Top ASX shares for beginner investors to buy in October 2024

Buying these ASX shares now could be a profitable way to kick off your wealth-building journey!

Read more »

A smiling farmer does the thumbs up amid a field of blooming sunflowers.
Best Shares

Top ASX shares to buy in October 2024

Say bye to Q1 and buy to these ASX shares!

Read more »

A young office worker is surrounded by peers who are clapping and congratulating her.
Retail Shares

8% dividend yield! I'm buying this ASX stock and holding for decades

ASX retail stock Shaver Shop Group Ltd (ASX: SSG) isn't the first name people usually think of when it comes…

Read more »

A man holding a mobile phone walks past some buildings
Best Shares

These S&P 500 stocks are on my watchlist for a stock market crash

I'd love to load the boat with these world-class stocks.

Read more »

Man in an office celebrates at he crosses a finish line before his colleagues.
Best Shares

Top ASX shares to snap up after outstanding earnings

With reporting season all done and dusted for FY24, which ASX shares do our Foolish writers think came out on…

Read more »

A woman walks slowly across a yellow pedestrian crossing while people around her walk so fast they are blurred.
Best Shares

Top ASX shares to buy in September 2024

Our team of writers believe these ASX companies are worth buying in September.

Read more »