With earnings season out of the way, the team at Morgans has been busy looking for the best large cap ASX shares for investors to buy this month.
Three that make the list in September are listed below. Here's why Morgans rates them highly:
Image source: Getty Images
Aristocrat Leisure Limited (ASX: ALL)
Morgans is positive on this gaming technology company. It highlights the company's consistently strong growth and believes this can continue in the future. The broker explained:
ALL is a global market leader in the rapidly growing land-based gaming and mobile gaming industries. It has delivered revenue growth of 17% pa over the past five years and 80% of revenue in FY21 was recurring. We expect ALL to continue to take market share in all its product segments. Demand for its gaming machines and digital games is resilient to economic cycles.
Morgans has an add rating and $43.00 price target on Aristocrat's shares.
Macquarie Group Ltd (ASX: MQG)
Another ASX share that Morgans rates highly is investment bank Macquarie. The broker is a fan of the company due to its exposure to a number of long term structural growth areas and its ongoing market share gains in Australian mortgages. It explained:
We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.
Morgans has an add rating and $215.00 price target on Macquarie's shares.
SEEK Limited (ASX: SEK)
Finally, Morgans is also a fan of this job listings company. After recently upgrading its shares to an add rating, the broker now considers Seek to be one of the best options for investors. It believes the company is well-placed for growth thanks to favourable tailwinds. It commented:
Of the classifieds players, we continue to see SEK as the one with the most relative upside, a view that's based on the sustained listings growth we've seen over the period. The tailwinds that have driven elevated job ads and updated guidance appear to still remain in place, i.e. subdued migration, candidate scarcity and the drive for greater employee flexibility. With businesses looking to grow headcount in the coming months and job mobility at historically high levels according to the RBA, we see these favourable operating conditions driving increased reliance on SEK's products.
Morgans an add rating with a $29.40 price target on Seek's shares.
