With one day of trading to go, S&P/ASX All Ordinaries Index (ASX: XAO) shares have had a very strong month.
The ASX All Ords index is up 2.03% since 1 July.
Let's take a look at some of the ASX shares that received broker upgrades this month.
These stocks now have the strongest possible consensus buy recommendation, according to CommSec.
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7 ASX shares upgraded to strong buy ratings
Coronado Global Resources Inc (ASX: CRN)
This ASX 200 energy share closed at $1.36 on Tuesday, down 2.17%.
Coronado shares have lost 18.9% in value over the past 12 months.
The ASX coal miner released its Q2 FY24 results this month. Run-of-mine (ROM) coal production rose by 23.8% compared to the previous quarter to 7.4 Mt, while saleable production lifted 21.5% to 4.1 Mt.
Bell Potter has a buy rating on Coronado with a 12-month share price target of $1.85.
Qantas Airways Limited (ASX: QAN)
This ASX 200 travel share closed at $6.18 apiece on Tuesday, up 1.64%.
Qantas shares have fallen 5.4% over the past 12 months.
There was no price-sensitive news from Qantas this month.
Goldman Sachs has a buy rating on Qantas with a 12-month share price target of $8.05.
Healthco Healthcare and Wellness REIT (ASX: HCW)
This ASX real estate investment trust (REIT) closed yesterday at $1.18 per share, up 0.43%.
The HealthCo Healthcare and Wellness REIT's share price has descended 17.8% over the past 12 months.
The ASX REIT had no price-sensitive news for the market this month.
The team at Bell Potter believes the recent share price weakness makes the HCW REIT a good buy.
Bell Potter has a buy rating and a $1.50 price target on HCW REIT shares.
Dusk Group Ltd (ASX: DSK)
This ASX consumer discretionary share closed at 84 cents on Tuesday, up 0.6%.
The Dusk share price is down 31.7% over the past 12 months.
We got a trading update from the specialty candles and home fragrances retailer this month.
Dusk said total sales for 2H FY24 were 5.8% lower than the prior corresponding period (pcp) compared to a fall of 9.7% in 1H FY24. The company expects total sales of $126.3 million for FY24, down 8.2% on FY23.
Management expects underlying EBIT of $6.2 million to $6.4 million (down from $16.5 million in FY23).
Maas Group Holdings Ltd (ASX: MGH)
This ASX All Ords industrials share finished yesterday's session at $4.38, down 1.13%.
Maas Group shares have risen 63.4% over the past 12 months.
There was no price-sensitive news from the construction materials and services provider in July.
Tyro Payments Ltd (ASX: TYR)
This ASX All Ords financials share closed at 94 cents per share, down 0.53% on Tuesday.
Shares in the payments provider are down 32.9% over the past 12 months.
Tyro did not release any price-sensitive news this month. Morgans is bullish on Tyro, with a 12-month share price target of $1.47.
NRW Holdings Limited (ASX: NWH)
The NRW share price closed at $3.29 on Tuesday, down 2.08%.
Shares in the diversified contract services provider increased 19.65% over the past 12 months.
NRW Holdings updated its full-year FY24 guidance this month.
The company expects to achieve its highest-ever earnings before interest, taxes, depreciation, and amortisation (EBITDA) result in FY24.
The unaudited EBITDA is approximately $195 million, which is above the previous guidance of $175 million to $185 million.
