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Best Business Equipment & Supply Stocks to Buy Now (2024)
Top business equipment & supply stocks in 2024 ranked by overall Zen Score. See the best business equipment & supply stocks to buy now, according to analyst forecasts for the business equipment & supplies industry.

Industry: Business Equipment & Supp...
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
EBF
ENNIS INC
NYSE
Business Equipment & Supplies
$532.93M$20.51-0.97%$72.66M12.43x0.14
SCS
STEELCASE INC
NYSE
Business Equipment & Supplies
$1.51B$13.150.00%$216.60M19.34x1.52
ACTG
ACACIA RESEARCH CORP
NASDAQ
Business Equipment & Supplies
$508.11M$5.08-1.93%$69.28M8.76x0.07
HNI
HNI CORP
NYSE
Business Equipment & Supplies
$2.17B$45.88-0.09%$214.80M32.77x1.48
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$491.59M$5.140.78%$117.10M-19.77x2.35
1

Business Equipment & Supply Stocks FAQ

What are the best business equipment & supply stocks to buy right now in May 2024?

According to Zen Score, the 3 best business equipment & supply stocks to buy right now are:

1. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the top business equipment & supply stock with a Zen Score of 50, which is 14 points higher than the business equipment & supply industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock return 3.22% over the past year, underperforming other business equipment & supply stocks by -36 percentage points.

2. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the second best business equipment & supply stock with a Zen Score of 37, which is 1 points higher than the business equipment & supply industry average of 36. It passed 13 out of 38 due diligence checks and has average fundamentals. Steelcase has seen its stock return 67.3% over the past year, overperforming other business equipment & supply stocks by 28 percentage points.

3. Acacia Research (NASDAQ:ACTG)


Acacia Research (NASDAQ:ACTG) is the third best business equipment & supply stock with a Zen Score of 37, which is 1 points higher than the business equipment & supply industry average of 36. It passed 14 out of 38 due diligence checks and has average fundamentals. Acacia Research has seen its stock return 27% over the past year, underperforming other business equipment & supply stocks by -13 percentage points.

Acacia Research has an average 1 year price target of $7.00, an upside of 37.8% from Acacia Research's current stock price of $5.08.

Acacia Research stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Acacia Research, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the business equipment & supply stocks with highest dividends?

Out of 4 business equipment & supply stocks that have issued dividends in the past year, the 3 business equipment & supply stocks with the highest dividend yields are:

1. Acco Brands (NYSE:ACCO)


Acco Brands (NYSE:ACCO) has an annual dividend yield of 5.84%, which is 2 percentage points higher than the business equipment & supply industry average of 4.14%. Acco Brands's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Acco Brands's dividend has shown consistent growth over the last 10 years.

Acco Brands's dividend payout ratio of -115.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) has an annual dividend yield of 4.88%, which is 1 percentage points higher than the business equipment & supply industry average of 4.14%. Ennis's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Ennis's dividend has shown consistent growth over the last 10 years.

Ennis's dividend payout ratio of 60.6% indicates that its high dividend yield is sustainable for the long-term.

3. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) has an annual dividend yield of 3.04%, which is -1 percentage points lower than the business equipment & supply industry average of 4.14%. Steelcase's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Steelcase's dividend has not shown consistent growth over the last 10 years.

Steelcase's dividend payout ratio of 58.8% indicates that its dividend yield is sustainable for the long-term.

Why are business equipment & supply stocks down?

Business equipment & supply stocks were down -0.33% in the last day, and up 3.36% over the last week.

We couldn't find a catalyst for why business equipment & supply stocks are down.

What are the most undervalued business equipment & supply stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued business equipment & supply stocks right now are:

1. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Ennis has a valuation score of 43, which is 17 points higher than the business equipment & supply industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Ennis's stock has gained 3.22% in the past year. It has underperformed other stocks in the business equipment & supply industry by -36 percentage points.

2. Acacia Research (NASDAQ:ACTG)


Acacia Research (NASDAQ:ACTG) is the second most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Acacia Research has a valuation score of 43, which is 17 points higher than the business equipment & supply industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Acacia Research's stock has gained 27% in the past year. It has underperformed other stocks in the business equipment & supply industry by -13 percentage points.

3. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the third most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Steelcase has a valuation score of 29, which is 3 points higher than the business equipment & supply industry average of 26. It passed 2 out of 7 valuation due diligence checks.

Steelcase's stock has gained 67.3% in the past year. It has overperformed other stocks in the business equipment & supply industry by 28 percentage points.

Are business equipment & supply stocks a good buy now?

66.67% of business equipment & supply stocks rated by analysts are a buy right now. On average, analysts expect business equipment & supply stocks to rise by 22.1% over the next year.

What is the average p/e ratio of the business equipment & supplies industry?

The average P/E ratio of the business equipment & supplies industry is 19.5x.
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