Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 16:

Urban Outfitters (URBN Quick QuoteURBN - Free Report) : This lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor and gifts products, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.2% over the last 60 days.

Urban Outfitters has a PEG ratio of 0.42 compared with 0.81 for the industry. The company possesses a Growth Score of B.

Limbach Holdings, Inc. (LMB Quick QuoteLMB - Free Report) :This building systems solutions company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 21.4% over the last 60 days.

Limbach Holdings has a PEG ratio of 1.75 compared with 1.93 for the industry. The company possesses a Growth Score of A.

BAE Systems plc (BAESY Quick QuoteBAESY - Free Report) : This company that provides defense, aerospace, and security solutions carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. 

BAE Systems has a PEG ratio of 0.57 compared with 1.13 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.