If you’re looking to boost your portfolio with some quality shares, then you might want to look at the ones listed below.
Here’s why these quality ASX 50 shares have been tipped as ones to buy right now:
CSL Limited (ASX: CSL)
The first ASX 50 share to look at is CSL. It is a biotherapeutics company that manufactures and develops a portfolio of leading therapies and vaccines. Among its portfolio are flu vaccines, immunoglobulins, and a range of other plasma-based products.
While plasma collection headwinds have been weighing on its performance this year, there are signs that conditions are improving rapidly. In fact, last week analysts at Macquarie upgraded the company’s shares to an outperform rating after its research indicated that US plasma collection centre foot traffic has risen materially in recent weeks. Given that the vast majority of CSL’s collection network is in the United States, this bodes well for the future.
As does its burgeoning research and development pipeline which contains a number of potential lucrative products that could be launched in the coming years.
Macquarie currently has a $296.00 price target on the company’s shares. This compares to the latest CSL share price of $274.34.
NEXTDC Ltd (ASX: NXT)
Another ASX 50 share to look at is NEXTDC. It is Australia’s leading data centre operator with a collection of nine world-class centres located across the country. The company is also looking to expand its offering into both the Singapore and Tokyo markets.
The latter expansion would be highly complementary to its Australian business, which continues to go from strength to strength.
For example, during the first half of FY 2021, NEXTDC posted a 27% increase in data centre services revenue to a record $121.6 million and a 29% increase in EBITDA to $65.7 million. This was underpinned by a 33% lift in contracted utilisation to 71MW, a 16% lift in customers, and a 16% rise in interconnections.
Pleasingly, more of the same is expected in the second half. This is thanks to the accelerating shift to the cloud, which has led to very strong demand for capacity in its centres.
Macquarie is also a fan of NEXTDC. It currently has an outperform rating and $13.95 price target on its shares. This compares to the current NEXTDC share price of $10.84.