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:
Worley Ltd (ASX: WOR)
Worley is rated as a buy by at least 10 analysts.
The combined Worley business has impressive synergies to work on after its large acquisition of the energy, chemicals and resources division of Jacobs to create the global leader across Worley's core market segments.
Aside from the coronavirus, things look good for Worley with the trade war turning into a trade ceasefire, which should mean more economic activity across the world.
However, the sudden change of the CEO was a surprise, but that means the Worley share price is 11% lower since 24 January 2020 and better value.
Nextdc Ltd (ASX: NXT)
Nextdc is rated as a buy by at least 10 analysts.
Some of the best ways to profit from the rise of cloud computing on the share market are based in the US. Businesses like Microsoft, Amazon and Alphabet are the leaders in this category. Nextdc could be one of the best ways on the ASX to profit as it's a data centre business with locations across Australia.
The amount of data that businesses need is growing exponentially and Nextdc could be a good way to gain exposure to that. However, it may be hard to gauge how much money Nextdc will be generating in five or ten years.
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is rated as a buy by at least 13 analysts.
It's rare to find a business on the ASX share market with a market capitalisation above $20 billion which is growing at a fast rate.
In FY19 the gambling and gaming business grew its statutory revenue by 25.5% and net profit after tax increased by 28.8%. It's a good growth rate for the valuation.
Further profit growth is expected in FY20 and it could be one of the best blue chips to watch on the ASX.
Foolish takeaway
I can see why analysts like all three companies, though none of them are typically in the industries that I like to invest in. Of the three I'd say Aristocrat looks the best at 21x FY21's estimated earnings and could continue to beat the market.
