Top Ranked Growth Stocks to Buy for August 23rd

DOX TER SNX MTH

Here are four stocks with buy ranks and strong growth characteristics for investors to consider today, August 23rd:

Meritage HomesCorporation (MTH - Free Report) : This homebuilder, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.5% over the last 60 days.

Meritage Corporation Price and Consensus

Meritage Homes has a PEG ratio of 1.51, compared with 3.56 for the industry. The company possesses a Growth Score of B.

Meritage Corporation PEG Ratio (TTM)

Amdocs Limited (DOX - Free Report) : This software and services provider to communications and media companies, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.7% over the last 60 days.

Amdocs Limited Price and Consensus

Amdocs has a PEG ratio of 1.76, compared with 2.11 for the industry. The company possesses a Growth Score of B.

Amdocs Limited PEG Ratio (TTM)

SYNNEX Corporation (SNX - Free Report) : This business process services company, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.6% over the last 60 days.

SYNNEX Corporation Price and Consensus

SYNNEX has a PEG ratio of 0.59, compared with 1.08 for the industry. The company possesses a Growth Score of A.

SYNNEX Corporation PEG Ratio (TTM)

Teradyne, Inc. (TER - Free Report) : This manufacturer and seller of automatic test equipment, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.

Teradyne, Inc. Price and Consensus

Teradyne has a PEG ratio of 1.87, compared with 2.07 for the industry. The company possesses a Growth Score of B.

Teradyne, Inc. PEG Ratio (TTM)

See the full list of top ranked stocks here                      

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