Best growth stocks to buy for January 2nd

Here are three stocks with buy ranks and strong growth characteristics that investors should consider today, January 2:

Renaissance RI (RNR): This company, which provides property catastrophe reinsurance to insurers and reinsurers globally on an excess loss basis (covering losses above a specified limit), carries a Zacks Rank #1 (Strong Buy), and has seen the Zacks Consensus Estimate for its current-year earnings increase 12.9% over the past 60 days.

RenaissanceRe Holdings Ltd. Price and consensus

RenaissanceRe has a PEG ratio of 1.67 compared to 1.82 for the industry. The company has a growth grade of A.

RenaissanceRe Holdings Ltd. TTM Ratio

Great Lakes dredge and dock (GLDD): This company, the largest U.S. dredging services provider with businesses that maintain and deepen shipping channels, ocean land reclamation, and storm-damaged shoreline renourishment, carries a Zacks Rank #1 and saw the Zacks Consensus Estimate for its current-year earnings increase 6.9% over the past 60 days.

Great Lakes Dredge & Dock Corporation Price & Consensus

Great Lakes Dredge & Dock has a PEG ratio of 1.01 compared to 3.03 for the industry. The company has a growth grade of A.

PEG Ratio for Great Lakes Dredge & Dock Corporation (TTM)

Animal Health Vibro (PAHC): This leading diversified global animal health and mineral nutrition company, which provides a broad range of products for food animals including poultry, swine, beef, dairy cattle and aquaculture, carries a Zacks Rank of #1, and the Zacks Consensus Estimate for its current-year earnings has seen an increase of 9.1% over the past 60 days.

Phibro Animal Health Corporation Price and Consensus

Phibro Animal Health has a PEG ratio of 1.06 compared to 2.44 for the industry. The company has a growth grade of B.

PEG Ratio for Phibro Animal Health Corporation (TTM)