Who else want 3 stocks to boost your portfolio?

The pull back on the ASX at the start of calendar year 2016 created some enticing buying opportunities but the swift move higher in March has no doubt left some investors flat footed.

While the valuation appeal of many stocks has undoubtedly reduced, there are still some high quality stocks with good growth prospects that are arguably trading at attractive prices.

Here are three stocks that could be worth considering…

The share price of Macquarie Group Ltd (ASX: MQG) has pulled back significantly in the past three months to the point where the stock is trading on a trailing price-to-earnings (PE) ratio of 13.9x.

With significant offshore earnings which will benefit from a lower Australian dollar and major global businesses operating in the infrastructure and asset management sectors, the group remains leveraged to growing pension balances looking for investment management services. Given the significant growth, some analysts are forecasting a multiple of 13.9x is arguably too cheap.

Ansell Limited (ASX: ANN) suffered a dramatic one-day fall after the release of its results in February. While most of those falls have now been recouped, the stock still trades at a seemingly undemanding price.

With operations across the globe and products which require regular replenishment and enjoy steady demand, Ansell offers both defensive and growth appeal. While the company is expected to report lower earnings in 2016, the group’s trailing PE multiple of just 10.3x is arguably too cheap to ignore.

Lend Lease Group (ASX: LLC) shares have roughly mimicked the broader decline in the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO), falling about 15% over the past 12 months.

The integrated property developer and infrastructure manager operates an impressive global business. After reporting double-digit growth in profits for the half year ending December 2015, the trailing PE of 15x looks undemanding.

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Motley Fool contributor Tim McArthur has no position in any stocks mentioned. Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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