During all of this ASX share market volatility, investors may be looking for some S&P/ASX 200 Index (ASX: XJO) blue-chip shares that may be better value or could provide some stability.
Experts are always on the lookout for opportunities. Some ASX 200 blue-chip shares have plenty of buy ratings at the moment, including these two:
Goodman Group (ASX: GMG)
Goodman is one of the ASX's biggest property businesses. It owns, develops, and manages a large global industrial real estate portfolio.
It's currently rated as a buy by at least four brokers, including Morgan Stanley which has a price target of $27.88 on the business. That implies a potential upside of more than 20% for Goodman.
The Goodman share price has fallen 16% year to date.
But the ASX 200 blue-chip share continues to grow at a double-digit pace.
In Goodman's FY22 half-year result, it upgraded its full year operating earnings per security (EPS) growth forecast to 20% with a "strong performance from all business segments". The HY22 result showed operating EPS growth of 27% year on year.
At 31 December 2021, Goodman's total assets under management (AUM) reached $68.2 billion. It had a portfolio occupancy of 98.4% with like for like net property income growth of 3.4%. Its development work in progress (WIP) was up 51% to $12.7 billion across 81 projects, with a forecast yield on cost of 6.7%.
Management said that it is benefiting from the strength of demand for essential infrastructure for the digital economy.
Bapcor Ltd (ASX: BAP)
Bapcor is a leading auto parts business in Australia and New Zealand. It operates lots of different brands for different parts of the vehicle market.
Some of its brands include: Burson Auto Parts, Precision Automotive Equipment, BNT (NZ), Truckline, WANO, Autobarn, Autopro, Midas, ABS, Shock Shop and Battery Town.
This ASX 200 blue-chip share is rated as a buy by UBS with a price target of $8.10. That implies a possible upside of around 30%.
The broker is expecting a recovery for the business in the second half of FY22, after the first half had plenty of disruptions from lockdowns.
UBS is expecting FY23 net profit after tax (NPAT) to grow, with the Bapcor share price valued at 15x FY23's estimated earnings.
The company has a plan to grow the business in many ways, including expanding its store network, realising operational efficiencies, expanding its own brand product range, and growing in Asia.
