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Top Ranked Growth Stocks to Buy for August 23rd

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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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Amdocs Limited (DOX) - free report >>