2 blue-chip ASX 200 stocks to buy this month: experts

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During all this volatility in the ASX stock market, investors may be looking for some S&P/ASX 200 Index (ASX:XJO) blue-chip stocks that may be more advantageous or could offer some stability.

Experts are always on the lookout for opportunities. Some top stocks on the ASX 200 currently have numerous buy ratings, including these two:

Goodman is one of the largest real estate companies in the ASX. It owns, develops and manages a significant global industrial real estate portfolio.

It is currently considered a buy by at least four brokers, including Morgan Stanley, which has a price target of $27.88 on the company. This implies more than 20% upside potential for Goodman.

Goodman’s stock price has fallen 16% since the start of the year.

But the ASX 200’s blue chip share continues to grow at a double-digit pace.

In Goodman’s FY22 half-year earnings, Goodman raised its operating profit per share (EPS) growth forecast for the full year to 20% with “strong performance across all business segments.” . HY22 results showed operating EPS growth of 27% year-on-year.

As of December 31, 2021, Goodman’s total assets under management (AUM) reached $68.2 billion. It shows a portfolio occupancy rate of 98.4% with growth in the net property income at constant scope of 3.4%. Its development work in progress (WIP) rose 51% to $12.7 billion across 81 projects, with an expected return on cost of 6.7%.

Management said it was benefiting from strong demand for infrastructure critical to the digital economy.

Bapcor is one of the leading auto parts companies in Australia and New Zealand. It operates many 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 blue-chip ASX 200 stock is considered a buy by UBS with a price target of $8.10. This implies a possible increase of around 30%.

The broker expects business to pick up in the second half of FY22, after the first half saw a lot of disruption due to shutdowns.

UBS expects FY23 net profit after tax (NPAT) to rise, with Bapcor’s share price valued at 15 times estimated FY23 earnings.

The company plans to grow its business in a number of ways, including expanding its store network, achieving operational efficiencies, expanding its own branded product line, and expanding into Asia.

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