Sectors & Industries IndustrialsBusiness Equipment & Supplies
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...

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
EBF	ENNIS INC	NYSE	Business Equipment & Supplies	$536.57M	$20.65	0.44%	$72.66M	12.52x	0.14
AVY	AVERY DENNISON CORP	NYSE	Business Equipment & Supplies	$18.18B	$225.74	0.30%	$1.19B	32.86x	2.75
MLKN	MILLERKNOLL INC	NASDAQ	Business Equipment & Supplies	$2.00B	$27.86	1.09%	$317.10M	28.43x	1.87
SCS	STEELCASE INC	NYSE	Business Equipment & Supplies	$1.53B	$13.37	1.44%	$216.60M	19.66x	1.52
HNI	HNI CORP	NYSE	Business Equipment & Supplies	$2.23B	$47.07	2.77%	$214.80M	33.62x	1.48
ACCO	ACCO BRANDS CORP	NYSE	Business Equipment & Supplies	$494.46M	$5.17	0.78%	$117.10M	-19.88x	2.35
PMTS	CPI CARD GROUP INC	NASDAQ	Business Equipment & Supplies	$239.80M	$21.56	-5.65%	$71.12M	13.23x	-7.60
PBI	PITNEY BOWES INC	NYSE	Business Equipment & Supplies	$1.02B	$5.72	9.37%	-$118.56M	-2.62x	-11.46

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 22 points higher than the business equipment & supply industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock return 2.84% over the past year, overperforming other business equipment & supply stocks by 12 percentage points.

2. Avery Dennison (NYSE:AVY)

Avery Dennison (NYSE:AVY) is the second best business equipment & supply stock with a Zen Score of 47, which is 19 points higher than the business equipment & supply industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Avery Dennison has seen its stock return 30.27% over the past year, overperforming other business equipment & supply stocks by 39 percentage points.

Avery Dennison has an average 1 year price target of $232.50, an upside of 2.99% from Avery Dennison's current stock price of $225.74.

Avery Dennison stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Avery Dennison, 50% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Millerknoll (NASDAQ:MLKN)

Millerknoll (NASDAQ:MLKN) is the third best business equipment & supply stock with a Zen Score of 38, which is 10 points higher than the business equipment & supply industry average of 28. It passed 13 out of 38 due diligence checks and has average fundamentals. Millerknoll has seen its stock return 71.24% over the past year, overperforming other business equipment & supply stocks by 80 percentage points.

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

Out of 9 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 5.8%, which is 3 percentage points higher than the business equipment & supply industry average of 2.57%. 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 4.84%, which is 2 percentage points higher than the business equipment & supply industry average of 2.57%. 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. Pitney Bowes (NYSE:PBI)

Pitney Bowes (NYSE:PBI) has an annual dividend yield of 3.5%, which is 1 percentage points higher than the business equipment & supply industry average of 2.57%. Pitney Bowes's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Pitney Bowes's dividend has not shown consistent growth over the last 10 years.

Pitney Bowes's dividend payout ratio of -9.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are business equipment & supply stocks down?

Business equipment & supply stocks were down -0.56% in the last day, and up 3.76% 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. Cpi Card Group (NASDAQ:PMTS)

Cpi Card Group (NASDAQ:PMTS) is the most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Cpi Card Group has a valuation score of 57, which is 28 points higher than the business equipment & supply industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Cpi Card Group's stock has dropped -20.27% in the past year. It has underperformed other stocks in the business equipment & supply industry by -12 percentage points.

2. Millerknoll (NASDAQ:MLKN)

Millerknoll (NASDAQ:MLKN) is the second most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Millerknoll has a valuation score of 57, which is 28 points higher than the business equipment & supply industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Millerknoll's stock has gained 71.24% in the past year. It has overperformed other stocks in the business equipment & supply industry by 80 percentage points.

3. Ennis (NYSE:EBF)

Ennis (NYSE:EBF) is the third most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Ennis has a valuation score of 43, which is 14 points higher than the business equipment & supply industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Ennis's stock has gained 2.84% in the past year. It has overperformed other stocks in the business equipment & supply industry by 12 percentage points.

Are business equipment & supply stocks a good buy now?

50% of business equipment & supply stocks rated by analysts are a strong buy right now. On average, analysts expect business equipment & supply stocks to rise by 11.44% 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 15.99x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.