These 2 ASX shares are rated as strong buys by brokers

There is a small number of ASX shares that are broadly liked by a number of brokers.

If many brokers like a business at the same time then that may suggest there could be a potentially opportunity there.

Or it may mean that all of the brokers are wrong at the same time. Only time will tell.

Here are two that are highly liked by multiple brokers:

Credit Corp Group Limited (ASX: CCP)

Macquarie Group Ltd (ASX: MQG) is currently one of the brokers that rate the debt collector as a buy. It's rated as a buy by at least three brokers.

The broker thinks Credit Corp is performing soundly considering the environment that it's seeing in both Australia and the US.

Credit Corp recently released its FY21 result to the market. It said that there was an 11% increase of net profit after tax (NPAT) to $88.1 million. Within that, its US segment reported that NPAT doubled to $17.7 million.

There was a near record purchased debt ledger (PDL) investment outlay of $293 million, including $146 million for the PDL purchase from Collection House Limited (ASX: CLH).

But the ASX share did achieve records in other areas. There was a record second half gross lending volume of $105 million. It also saw a record starting PDL investment pipeline of $150 million for FY22.

The company said that it entered FY22 with considerable momentum. Charge off volumes are growing across all markets and the company is expecting further opportunities to grow purchasing over the course of the year.

Credit Corp outlined that the increase in organic PDL investment, together with the ongoing impact of the Collection House PDL acquisition, is expected to produce "solid" earnings growth of 8% at the top end of its guidance range. The top end of its profit guidance is $95 million in FY22.

According to Macquarie, the Credit Corp share price is valued at 19x FY23's estimated earnings.

Bank of Queensland Limited (ASX: BOQ)

The regional bank is currently rated as a buy by at least five brokers. One of the brokers that likes Bank of Queensland is Credit Suisse, which has a price target on the ASX share of $11.50. That suggests a potential increase of the share price of approximately 20% over the next 12 months, if Credit Suisse is right.

One of the main reasons that the broker likes BOQ is due to its deal to buy ME Bank which could lead to substantial synergies. Credit Suisse also believes that BOQ's net interest margin (NIM) could increase after the acquisition is completed.

If readers didn't catch the original details of the deal, BOQ is buying ME Bank for $1.325 billion.

BOQ said the acquisition is expected to deliver material scale, broadly doubling the retail bank and providing geographic diversification. It's expected to add to cash earnings per share (EPS) at a rate of between low double digit to mid-teens including the full run rate of synergies in the first year, being FY22.

The anticipated annualised pre-tax synergies are expected to be between $70 million to $80 million.

In the first half of FY21, BOQ generated $165 million of cash earnings after tax – up 9%. But statutory profit was up 66% to $154 million. The NIM improved by 3 basis points to 1.95%, whilst the interim dividend was increased by 11 cents per share to 17 cents per share.

According to Credit Suisse, the BOQ share price is valued at 15x FY22's estimated earnings with a projected FY22 grossed-up dividend yield of 6.3%.