2 ASX 200 blue chip shares that might be the best to buy

These 2 S&P/ASX 200 Index (ASX:XJO) blue chip shares could be two of the best picks to be looking at right now.

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There are some high-quality S&P/ASX 200 Index (ASX: XJO) blue chip shares that could be best ideas to be thinking about at the moment.

A few ASX 200 shares are well-liked by several brokers which indicates that they might be interesting to look at:

Corporate Travel Management Ltd (ASX: CTD)

Corporate Travel describes itself as a global leader in business travel management services. Its aim is to find savings, efficiency and safety for businesses and their travellers all around the world.

It’s currently rated as a buy by six brokers. Morgans is one of the brokers that likes Corporate Travel Management shares and it’s the broker’s pick of the sector.

In a recent trading update, Corporate Travel Management said that it’s returning to profit. It broke-even in March and expects positive underlying earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter of FY21.

The ASX 200 share is seeing strong domestic demand in the Australia and New Zealand region with total client activity climbing to 85% of FY19 booking levels as of mid-April.

New Zealand continues to be a standout and, as of mid-April, was trading at above 160% of FY19 booking levels.

The US is experiencing positive signs of activity recovery. Despite lockdowns in the UK and Europe, significant essential travel client wins in this region continue to contribute profitability to the group.

Management believe the company is best leveraged to a domestic recovery. Around 70% of pre-forma FY19 revenue is generated from the US and the UK. These regions have the most advanced vaccination rollouts. Corporate Travel Management said that the speed of the rollouts supports expectations of a rapid return to corporate domestic travel and meaningful levels of pan-European and trans-Atlantic travel after the northern hemisphere vacation period.

Idp Education Ltd (ASX: IEL)

Idp Education says that it’s a global leader in international education services. It helps international students study in English speaking countries.

The company says that its success is from connecting students with the right course in the right institution and the right country.

IDP is also a co-owner of IELTS, the world’s most popular high-stakes English language test. It also operates 11 English language teaching campuses across South East Asia.

It’s currently rated as a buy by at least five brokers. Morgans is one of the brokers that believes the ASX 200 share is a buy, with a price target of $28.48 over the next 12 months. Whilst the broker is positive about the business, the COVID-19 surge in India is a headwind with 40% of IELTS’ testing revenue being derived from there.

The ASX 200 blue chip share’s management say that it has a resilient business model. Its diverse business model and strategy is holding the organisation in good stead through crisis.

The recovery is ongoing. Demand remains, with growing IELTS capacity through new computer-delivered centres. It’s also increasing counsellor capacity to support students into FY22 and FY23.

IDP Education is investing in its digital technology and capabilities. It has also accelerated its innovation strategy. According to Morgans, the IDP Education share price is priced at 56x FY22’s estimated earnings.

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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Idp Education Pty Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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