Experts are always looking for investment opportunities as ASX shares. There are some stocks that are highly-recommended by top brokers.
When a business is well-liked by a number of different analysts, it could suggest that it's a standout opportunity.
With that in mind, here are two that are highly-recommended:
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Credit Corp Group Limited (ASX: CCP)
Credit Corp is one of the biggest debt collectors in Australia with a growing position in the US.
It's currently rated as a buy by at least three different brokers, including Ord Minnett which has a price target of $37 – that's around 20% higher than it is today.
The broker refers to the company's recent FY22 half-year result for its latest rating.
In that report, Credit Corp said that its net profit after tax (NPAT) went up 8% to $45.7 million. There was a record half-year investment driven by a step-up in US purchased debt ledger investment to at least $150 million each year, and the Radio Rentals acquisition.
There was 9% growth in the ASX share's consumer loan book over half to $200 million.
Credit Corp says that it's on track for strong earnings growth across all segments over the full year. While market volume remains subdued, organic purchasing continues to recover, reaching its highest level since the start of the pandemic.
According to Ord Minnett, the Credit Corp share price is valued at 22x FY22's estimated earnings.
Elders Ltd (ASX: ELD)
Elders is an agribusiness which works with primary producers to provide products, marketing options and specialist technical advice across rural, wholesale, agency and financial product and service categories. It's also a leading Australian rural and residential property agency and management network.
In November 2021, it reported its FY21 result for the 12 months to 30 September 2021. Sales grew 22% to $2.55 billion. Statutory net profit after tax also grew by 22% to $149.8 million and underlying net profit after tax surged 40% to $151.1 million. This result also allowed the business to grow the dividend by 91% to $0.42 per share.
In terms of the outlook for FY22, Elders said that continued favourable seasonal conditions and high demand for agricultural commodities are expected to create excellent trading conditions in the first half of FY22.
The ASX share's rural products outlook remains positive, with the summer crop expected to drive strong demand in the first half of FY22, particularly for agricultural chemicals, fertiliser and seed. Cattle and sheep prices are expected to remain high in the medium-term.
Strong demand for residential and farmland properties is expected to continue.
Management also believes that there are good opportunities in the market for Elders to execute more acquisitions.
Elders is currently rated as a buy by at least three brokers, including UBS. The price target by the broker is $13.43, however it's expecting cattle prices to drop back over the year.
UBS numbers put the Elders share price at 16x FY22's estimated earnings.
