CSL Limited (ASX:CSL) is one of three compelling ASX shares that have been tipped as buys for February. Here’s why…
The post 3 compelling ASX shares to buy in February appeared first on The Motley Fool Australia. –
Are you planning to make some new additions to your portfolio in the near future? If you are, then you might want to take a look at the ones listed below.
Here’s why they have been tipped as ASX shares to buy:
The first ASX share to look at is CSL. This biotechnology giant is is made up of two businesses, CSL Behring and Seqirus. CSL Behring is the number one player in a global plasma therapies industry worth a massive US$30 billion per year. Whereas Seqirus is the number two player in the US$6 billion global influenza vaccines industry. The CSL share price has come under pressure this year due to plasma collection headwinds. While this is likely to weigh on its growth, UBS appears to believe it is worth dealing with this short term pain for the long term gains. Earlier this week the broker retained its buy rating and $346.00 price target on its shares.
People Infrastructure Ltd (ASX: PPE)
People Infrastructure is a leading workforce management company. It delivers a wide range of services to Australian businesses across four main sectors including healthcare, community services, industrial services, and information technology. In FY 2020, the company reported a 49.2% increase in normalised EBITDA to $26.4 million. While the new financial year is going to be harder because of the pandemic, Morgans believes the company is well-placed for long term growth. In light of this, it feels investors should be buying now while its shares trade at attractive levels. The broker has an add rating and $4.05 price target on its shares.
Pushpay Holdings Group Ltd (ASX: PPH)
Another ASX share that could be in the buy zone is Pushpay. It is a donor management and community engagement platform provider with a keen focus on the US faith sector. Pushpay has been a very strong performer over the last 12 months. It reported a 53% increase in operating revenue to US$85.6 million for the first half of FY 2021. This was driven by increasing demand for its platform thanks partly to COVID-19 tailwinds and the ongoing digitisation of the church. Analysts at Goldman Sachs are fans of the company. They have a conviction buy rating and ~$2.59 price target on its shares.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
- Got cash to invest? Here are 3 ASX shares to buy
- 2 compelling ASX 200 blue chip shares to buy in February
- 2 compelling ASX shares to buy in February 2021
- Top ASX shares to buy in February 2021
- ASX 200 Weekly Wrap: Reality (and GameStop) finally hits ASX
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 CSL Ltd. and People Infrastructure Ltd. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. The Motley Fool Australia has recommended People Infrastructure Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.