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Top Ranked Growth Stocks to Buy for August 23rd

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

Patrick Industries, Inc. (PATK - Free Report) : This distributor of building products, which carries a Zacks Rank #1 (Strong Buy), has witnessed the Zacks Consensus Estimate for its current year earnings advancing 5.3% over the last 60 days.

Patrick Industries, Inc. Price and Consensus

Patrick Industries has a PEG ratio of 0.90, compared with 1.10 for the industry. The company possesses a Growth Score of A.

Patrick Industries, Inc. PEG Ratio (TTM)

Triton International Limited (TRTN - Free Report) : This rental and leasing services provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 0.7% over the last 60 days.

Triton International Limited Price and Consensus

Triton has a PEG ratio 0.90, compared with 1.45 for the industry. The company possesses a Growth Score of B.

Triton International Limited PEG Ratio (TTM)

Cadence Design Systems, Inc. (CDNS - Free Report) : This electronic design automation software provider, which carries a Zacks Rank #2 (Buy), has witnessed the Zacks Consensus Estimate for its current year earnings rising 3.7% over the last 60 days.

Cadence Design Systems, Inc. Price and Consensus

Cadence Design has a PEG ratio of 2.26, compared with 13.42 for the industry. The company possesses a Growth Score of A.

Cadence Design Systems, Inc. PEG Ratio (TTM)

See the full list of top ranked stocks here                                    

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

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In-Depth Zacks Research for the Tickers Above


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


Triton International Limited (TRTN) - free report >>

Patrick Industries, Inc. (PATK) - free report >>

Cadence Design Systems, Inc. (CDNS) - free report >>

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