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:
Qantas Airways Limited (ASX: QAN)
At least eight analysts rate Qantas as a buy.
Ever since the Saudi Arabia attack the oil price has been falling with the oil supply not being as heavily affected as it could have been. A falling oil price is good news for Qantas.
The flying kangaroo company keeps opening new routes and is consistently producing solid profit results, which is attractive for a business with such a low price/earnings ratio.
Airlines are not the money vacuums that they used to be.
Zip Co Ltd (ASX: Z1P)
At least three analysts rate Zip as a buy.
The buy now, pay later business has been getting on with expanding its footprint. It hasn't been getting as many headlines as some of its competitors but its potential is perhaps just as good after making a few acquisitions to rapidly increase its international presence.
Zip could be one to watch as it expands into the business buy now, pay later space.
Bapcor Ltd (ASX: BAP)
At least five analysts rate Bapcor as a buy.
It's quite hard to find companies that can conceivably do quite well even in tougher economic times. In a downturn people are more likely to buy replacement car parts rather than buy a whole new car, which would benefit Bapcor.
Bapcor has a distinct economies of scale advantage against most of its competitors, it's growing its network of Bursons, Autobarns and other specialists, it's achieving good like for like sales and it's expanding into Asia.
If the company can continue to grow net profit at a decent single digit pace over the medium-term it could be a solid market-beater.
Foolish takeaway
Each of these shares has attractive features. If I could only buy one share it would be Bapcor because of its defensive earnings, growing dividend and international expansion. I'm still not sure about airlines and Zip may be priced too expensively.
