Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 1st:

Ardmore Shipping Corporation (ASC Quick QuoteASC - Free Report) : This company that engages in the seaborne transportation of petroleum products and chemicals carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing nearly 9% over the last 60 days.

Ardmore Shipping has a price-to-earnings ratio (P/E) of 9.57, compared with 16.90 for the industry. The company possesses a Value Score  of A.

Apollo Commercial Real Estate Finance, Inc. (ARI Quick QuoteARI - Free Report) : This real estate investment trust carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.9% over the last 60 days.

Apollo Commercial has a price-to-earnings ratio (P/E) of 9.25, compared with 13.40 for the industry. The company possesses a Value Score of B.

LATAM Airlines Group S.A. (LTM Quick QuoteLTM - Free Report) : This passenger and cargo air transportation services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.2% over the last 60 days.

LATAM Airlines has a price-to-earnings ratio (P/E) of 10.05, compared with 10.70 for the industry. The company possesses a Value Score of A.

See the full list of top ranked stocks here.

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