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Top brokers name 3 ASX shares to buy today

With earnings season on the horizon, leading brokers have been as busy as ever preparing forecasts and recommendations.

Three shares which have fared well and been given buy ratings are listed below. Here’s why brokers think you should buy these shares:

BHP Billiton Limited (ASX: BHP)

According to a note out of the Macquarie equities desk, its analysts have retained their outperform rating and lifted the price target on the mining giant’s shares to $38.00. The broker has done this after upgrading its bulk commodity price forecasts amid strong demand and supply restrictions. While I do agree that BHP Billiton is a buy, I’d be pleasantly surprised if its shares were to reach Macquarie’s target which implies potential upside of approximately 24% for its shares over the next 12 months.

Catapult Group International Ltd (ASX: CAT)

Analysts at Morgans have retained their add rating and $2.97 price target on the sports analytics company’s shares following yesterday’s quarterly update. The broker was pleased to see its cash flows come in ahead of expectations and believes that the company is on course to achieve its full-year guidance. As I said yesterday, I’m a big fan of Catapult but I’m hanging back until it is clear the company can operate a highly profitable business.

SEEK Limited (ASX: SEK)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating on the job listings company following a review of the media sector. Further, the broker has lifted its price target on SEEK’s to $21.50, believing it will be a winner from the shift of ad spending from old media to new technologies. REA Group Limited (ASX: REA) was also named as a share to buy for the same reason. I think SEEK is a good long-term option for investors and expect it to deliver decent returns over the next few years thanks to this trend.

Lastly, here are three top blue chip shares which I think ought to be classed as strong buys.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

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Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended Catapult Group International Ltd. The Motley Fool Australia has recommended REA Group Limited and SEEK Limited. 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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