Best Growth Stocks to Buy for August 20th

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 20th:

Ralph Lauren RL: This company which is a major designer, marketer and distributor of premium lifestyle products in North America, Europe, Asia, and internationally, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Ralph Lauren Corporation Price and Consensus

Ralph Lauren Corporation price-consensus-chart | Ralph Lauren Corporation Quote

Ralph Lauren has a PEG ratio of 1.44 compared with 1.75 for the industry. The company possesses a Growth Score of A.

Ralph Lauren Corporation PEG Ratio (TTM)

Ralph Lauren Corporation peg-ratio-ttm | Ralph Lauren Corporation Quote

LATAM Airlines Group LTM: This company which is Latin America’s leading airline which provide domestic services in Brazil, Chile, Peru, Colombia and Ecuador, as well as regional flights and long-haul operations, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.6% over the last 60 days.

LATAM Airlines Group S.A. Price and Consensus

LATAM Airlines Group S.A. price-consensus-chart | LATAM Airlines Group S.A. Quote

LATAM Airlines has a PEG ratio of 0.44 compared with 0.48 for the industry. The company possesses a Growth Score of A.

LATAM Airlines Group S.A. PEG Ratio (TTM)

LATAM Airlines Group S.A. peg-ratio-ttm | LATAM Airlines Group S.A. Quote

Shinhan Financial Group Co SHG: This company which is Korea's largest financial services company, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.1% over the last 60 days.

Shinhan Financial Group Co Ltd Price and Consensus

Shinhan Financial Group Co Ltd price-consensus-chart | Shinhan Financial Group Co Ltd Quote

Shinhan Financial Group has a PEG ratio of 0.52 compared with 1.00 for the industry. The company possesses a Growth Score of B.

Shinhan Financial Group Co Ltd PEG Ratio (TTM)

Shinhan Financial Group Co Ltd peg-ratio-ttm | Shinhan Financial Group Co Ltd Quote

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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This article originally published on Zacks Investment Research (zacks.com).

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