Back to top

Image: Bigstock

3 New Strong Buy Momentum Stocks For June 15th

Read MoreHide Full Article

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). Today there were a few stocks that were added to the group of top ranked stocks, and these three also happened to have top Momentum Style Scores.

Below are three stocks that hold both a Zacks Rank #1 (Strong Buy) in addition to an A for their Momentum Style Scores:

Total System Services Inc.

Total System Services Inc. provides payment processing, merchant and related payment services to financial and nonfinancial institutions in the United States, Europe, Canada, Mexico, and internationally. The company operates in four segments: North America Services, International Services, merchant Services, and NetSpend. TSS is headquartered in Columbus, Georgia.

TSS is a Zacks Rank #1 (Strong Buy) stock and operates in a strong industry, ranked 55/265, or in the top 21% of all industries by Zacks. Backing up its A Momentum Style Score is a 4-week price change of 12.70%, and a 52-week price change of 25.27%. There also has been a great deal of analyst EPS estimate revision activity for TSS. For both the current and next year’s estimates, there have been 6 revisions each in the last 60 days, pushing estimates for both years much higher.

TSS also has a B Growth Style Score, with several favorable figures behind it. The company is projected to grow its sales numbers by 55.79% this year, as well as 17.19% next year. The company also is projected for EPS growth of 22.41%, a net margin of 13.19%, and a current ratio of 8.55.

 

Ashtead Group PLC (ASHTY - Free Report)

 

Ashtead Group PLC is an equipment company which provides rental solutions primarily in the United States and the United Kingdom. The company’s operating segments consists of Sunbelt Rental and A-Plant. Sunbelt provides pump and power, climate control, and scaffolding services. Their A-Plant segment operates through Eve Trakway Limited, which constructs temporary roadways, and barriers, as well as through PSS which offers trenchless technology and fusion services.

ASHTY is also a Zacks Rank #1 (Strong Buy) stock, and the industry it operates in is also highly ranked by Zacks, as it is in the top 12% of all industries. The company has an A for its Momentum Style Score, which can be attributed to the fact that the ASHTY is up 8.03% in the last 4 weeks, and there has been significant upward EPS revision activity from analyst covering the stock. This analyst activity has pushed the company’s current year EPS all the up to 4.57, much higher than the estimate of 4.45 60 days ago.

ASHTY also has an A for its Growth style score, which can be backed up by a return on equity figure of 26.63%, projected current year EPS growth projection of 21.54% and 11.82% growth next year, as well projected sales growth of 9.30% next year. With the company also having an A Value style Score, with a PE ratio of 11.23 and cash flow per share of 8.21, ASHTY presents investors with an investment opportunity that has great potential and presents a solid bang for their buck.

 

Altisource Portfolio Solutions S.A. (ASPS - Free Report)

 

Together with its subsidiaries, Alitsource Portfolio Solutions S.A. is engaged in the provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The company has 3 segments: Mortgage Services, Financial Services, and Technology Products.

ASPS is a top-ranked stock by Zacks, and the company also has an A for its Momentum Style Score. Its momentum score can be attributed to a 12-week price change of 3.75% for the company’s stock, as well as the positive EPS estimate revision activity its seen from analysts. In the last 60 days 2 analysts have raised their EPS estimates for the current year, pushing the consensus estimate from 5.28 all the way up to the current estimate of 5.71.

ASPS also has an A for its Value Style Score from Zacks, which can be attributed to a very low PE ratio of 4.47, an earnings yield of 22.41%, and cash flow per share of 11.55. For investors looking for a fresh stock pick that’s been on a roll and presents solid value, ASPS holds great potential.

 

Bottom Line

 

Though they were just added to the list of Zacks Rank #1 (Strong Buy) stocks today, the three stocks above have been on a roll lately, and each has several factors behind it that point to a continuation of these recent successes. For investors looking for fresh stock picks with built-up momentum behind them, TSS, ASHTY, and ASPS all provide solid picks with great potential moving forward.

Be sure to check out all the Zacks Rank #1 (Strong Buy) Stocks!

 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Altisource Portfolio Solutions S.A. (ASPS) - free report >>

Ashtead Group PLC (ASHTY) - free report >>