Top brokers name 3 ASX shares to buy today

Brokers up and down Australia have been busy once again crunching numbers and adjusting valuations. A number of shares have come out of this favourably and been given buy ratings.

Three which caught my eye are listed below. Here’s why brokers think they are in the buy zone:

James Hardie Industries plc (ASX: JHX)

According to a note out of Goldman Sachs, the broker has retained its buy rating and $26.08 price target on the building supplies company ahead of its results next week. Goldman expects James Hardie to deliver fourth-quarter net profit after tax of US$73. million, up 34.1% on the prior corresponding period. This will lead to full-year profit (pre-asbestos) of US$278.2 million, up 11.9% on FY 2017 and slightly ahead of guidance. I’m not a huge fan of James Hardie Industries at the current price, but it could be worth a closer look if it outperforms expectations.

Nextdc Ltd (ASX: NXT)

A note out of UBS reveals that its analysts have retained their buy rating on the data centre operator and increased the price target on its shares from $7.70 to $9.05. According to the note, UBS believes that the company’s recent capital raising to fund its future expansion will lead to strong earnings growth over the next decade. Especially given how the cloud computing market continues to accelerate, leading to rising demand for data centre services. I agree with UBS on this one and think NEXTDC could be a good investment option for patient investors with a long-term view. It does, however, trade on a sky-high valuation right now. As such, failure to live up to the market’s lofty expectations could lead to its shares tumbling lower.

Rio Tinto Limited (ASX: RIO)

Analysts on the Macquarie equities desk have retained their outperform rating and $93.00 price target on this mining giant’s shares. According to the note, the broker believes that the $5 billion war chest the company has from recent divestments could be used to make material acquisitions that fuel future growth. In addition to this, the broker feels that its shares are still great value despite rallying hard this year. I would have to agree with Macquarie on Rio Tinto. With the global economy growing strongly, I think the miner is well-positioned to grow earnings and its dividend at a strong rate.

As well as NEXTDC and Rio Tinto, I think investors ought to consider buying one of these growth stars.

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.

Click here to claim your free report.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. 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 Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now