Best Growth Stocks to Buy for March 20th

UGP POWL AZEK

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today March 20th:

Powell Industries (POWL - Free Report) : This company which, is a strategic supplier of choice for highly complex and integrated systems for distribution and control of electrical energy and other critical processes, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 44.2% over the last 60 days.

Powell Industries has a PEG ratio of 1.46 compared with 1.67 for the industry. The company possesses a Growth Score of A.

Ultrapar Participacoes(UGP - Free Report) : This major Brazilian industrial group, which is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 28.0% over the last 60 days.

Ultrapar Participacoes has a PEG ratio of 3.56 compared with 3.76 for the industry. The company possesses a Growth Score of A.

AZEK (AZEK - Free Report) : This company, which is manufacturer of residential and commercial building products, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.1% over the last 60 days.

AZEK has a PEG ratio of 1.41 compared with 2.15 for the industry. The company possesses a Growth Score of B.

 

See the full list of top ranked stocks here.

 

Learn more about the Growth score and how it is calculated here.

Zacks Reveals ChatGPT "Sleeper" Stock

One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.

Download Free ChatGPT Stock Report Right Now >>