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3 New Strong Buy Growth Stocks for June 13th

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Every day at Zacks, our ranking system is used to constantly pick out and order stocks from #1 (Strong Buys) down to #5 (Strong Sells). Below are a few of the most recent additions to the #1 (Strong Buy) list that just so happen to also have A’s for their Zacks Growth Style Scores.

iRadimed Corporation (IRMD - Free Report)

Headquartered in Winter Park, Florida, iRadimed Corporation engages in developing, manufacturing, marketing, and distributing magnetic resonance imaging (MRI) compatible products. The company offers non-magnetic intravenous (IV) infusion pump systems, IV tubing sets, IV poles, wireless remote displays under the mRidium name, side car pump modules, dose error reduction systems, Maisno SET SpO2 monitoring products, MRI Pulse oximeters and oximeter remotes.

As mentioned earlier, IRMD is currently a Zacks Rank #1 (Strong Buy) stock, and holds an A for its Growth Style Score. Some of the figures behind its high growth style score include current cash flow growth of 253.88%, return on equity of 22.93%, a solid current ratio of 8.82, and projected sales growth of 24.07%.

IRMD’s industry is also highly ranked at 85/265, placing it in the top 32% of all industries ranked by Zacks. The company also is projected to see substantial EPS growth in the current year as well as next year, with growth projections of 46.67% and 37.50% respectively. EPS estimate revision activity from analysts has been positive too, with the current year’s EPS projection growing to $0.88 from $0.83 in the last 60 days.

 

Globant S.A. (GLOB - Free Report)

 

Based oversees in Luxembourg, Globant S.A. develops software solutions in the United States, Europe, and Latin America. The company offers content management systems and e-commerce application services. GLOB is also involved in the provision of data management solutions, quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game-testing services.

GLOB is also a Zacks Rank #1 (Strong Buy) and a solid Growth stock, which can be backed up by several figures. The company has current cash flow growth of 24.25%, a solid net margin of 11.77%, return on equity of 19.32%, and projected sales growth of 22.68% for the current year, as well as 18.81% next year.

Globant also has strong EPS growth projections, with projected growth of 21.98% this year, and 28.83% next year. The internet software/services industry in which GLOB operates is currently ranked highly as well by Zacks, coming in at 73rd out of 265, which places it in the top 28%.

 

Compass Group PLC (CMPGY - Free Report)

 

The Compass Group PLC provides food and support services to its customers globally through its subsidiaries. The company serves customers in all types of places, such as offices and factories, schools and universities, hospitals and senior living communities, major sports and cultural venues, among several others.

CMPGY’s food service segments offer services in the form of free flow restaurants, formal dining restaurants, grab&go deli and cafes outlets, as well as through vending. Some of the support services offered by the company include cleaning, building operations, maintenance, logistics and transport, outdoor, project management, and security.

Some of the figures behind the company’s A Growth Style Score include return on equity of 45.33%, a sales to assets ratio of 2.01, and projected sales growth for the current year of 3.85%. CMPGY also had solid EPS growth projections, with growth of 4.22% projected for the current year, and growth of 9.83% next year.

The company also has an A for its Momentum Style Score from Zacks which can be attributed to the recent upward EPS revision activity from analysts that cover the stock. For both the current and following years there have been 2 analysts raising their previous EPS estimates for CMPGY, both doing so in just the last 30 days. The company also has seen a 52-week upward price movement of nearly 8%.

 

Bottom Line

 

The stocks listed above all hold Strong Buy recommendations from Zacks and have the top Growth style scores, which are backed up by the solid figures laid out above. These companies also operate in top-ranked industries and have positive notes from analysts, making them must-view stocks for all investors, not just those looking for high-ranking growth picks.

Be sure to check out the other stocks added to the top-ranked list, which is updated every day here at Zacks!

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iRadimed Corporation (IRMD) - free report >>

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