The three ASX shares I'm going to mention in this article are rated as 'buys' by several brokers.
It's quite hard to find businesses that are both good businesses and trading at a good price. Even then, one person might say Commonwealth Bank of Australia (ASX: CBA) and another says that Transurban Group (ASX: TCL) is a better choice.
Investment site MarketIndex regularly collates the ratings of brokers together to assess what the broker community collectively think are opportunities. Of course, this still isn't a guarantee of success – they could all be herding together.
With that in mind, here are three ASX shares that brokers like:
Aristocrat Leisure Limited (ASX: ALL)
At least 12 analysts rate Aristocrat as a buy.
It's hard to believe that one of Australia's largest businesses would be able to keep growing at a good double-digit rate, but that's what this gaming machine, online games and casino management business is doing.
In the half year result to March 2019 it grew revenue by 35%, net profit increased by 34.9% and the dividend was increased by 15.8%. Growth is expected to continue for the full year result.
Internationally-growing ASX shares are usually attractive ideas, although some investors may not like the ethical side of investing in a gambling-related business.
If that's not a bother, then this could be one of the best ASX 20 shares to own for the next few years.
Worleyparsons Limited (ASX: WOR)
At least nine analysts rate Worleyparsons as a buy.
The 'professional services' company has a diverse array of operations in energy, chemicals and the resources sectors.
Worley is currently going through an integration process with its acquisition of the Jacobs' Energy, Chemicals and Resources division. The cost synergy target has increased from the estimated $130 million before the acquisition to $150 million, which is expected to be achieved within two years.
The expanded capabilities of Worley could be attractive to customers and it's well positioned to win more market share.
Webjet Limited (ASX: WEB)
Webjet is rated as a buy by at least five analysts.
To me, Webjet could be one of the cheapest growth shares on the ASX, it's trading at around 13x FY21's estimated earnings.
The fact that Webjet is now one of the world leaders in the B2B travel world with its WebBeds business is attractive for economies of scale and growing profit margins.
New products and initiatives will continue to diversify the future earnings streams (like the blockchain offering and religious travel) . At this share price Webjet could even turn into a decent future dividend share for investors. The starting grossed-up yield is 2.6%.
Foolish takeaway
All three shares could beat the market this year, but Webjet looks like the most obvious pick to me, particularly for its international earnings growth potential.
