Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 19:

Associated British Foods plc (ASBFY Quick QuoteASBFY - Free Report) :  This retail conglomerate company carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.3% over the last 60 days.

Associated British Foods PLC Price and Consensus

Associated British Foods PLC price-consensus-chart | Associated British Foods PLC Quote

Associated British Foods has a PEG ratio of 1.52 compared with 2.27 for the industry. The company possesses a Growth Score of B.

Associated British Foods PLC PEG Ratio (TTM)

Associated British Foods PLC peg-ratio-ttm | Associated British Foods PLC Quote

Lamb Weston Holdings, Inc. (LW Quick QuoteLW - Free Report) : This producer of value-added frozen potato products carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.4% over the last 60 days.

Lamb Weston Price and Consensus

Lamb Weston price-consensus-chart | Lamb Weston Quote

Lamb Weston Holdings has a PEG ratio of 1.14 compared with 2.27 for the industry. The company possesses a Growth Score of B.

Lamb Weston PEG Ratio (TTM)

Lamb Weston peg-ratio-ttm | Lamb Weston Quote

e.l.f. Beauty, Inc. (ELF Quick QuoteELF - Free Report) : This cosmetic company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% over the last 60 days.

e.l.f. Beauty Price and Consensus

e.l.f. Beauty price-consensus-chart | e.l.f. Beauty Quote

e.l.f. Beauty has a PEG ratio of 2.04 compared with 2.90 for the industry. The company possesses a Growth Score of A.

e.l.f. Beauty PEG Ratio (TTM)

e.l.f. Beauty peg-ratio-ttm | e.l.f. Beauty Quote

See the full list of top ranked stocks here.

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