According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best business equipment & supply stocks to buy right now are:
1. Steelcase (NYSE:SCS)
Steelcase (NYSE:SCS) is the #1 top business equipment & supply stock out of 5 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Steelcase (NYSE:SCS) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: C, and AI: B.
Steelcase (NYSE:SCS) has a Due Diligence Score of 42, which is 6 points higher than the business equipment & supply industry average of 36.
SCS passed 15 out of 38 due diligence checks and has strong fundamentals. Steelcase has seen its stock lose -17.6% over the past year, underperforming other business equipment & supply stocks by -11 percentage points.
2. Hni (NYSE:HNI)
Hni (NYSE:HNI) is the #2 top business equipment & supply stock out of 5 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Hni (NYSE:HNI) is: Value: C, Growth: C, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: B.
Hni (NYSE:HNI) has a Due Diligence Score of 59, which is 23 points higher than the business equipment & supply industry average of 36.
HNI passed 22 out of 38 due diligence checks and has strong fundamentals. Hni has seen its stock return 4.53% over the past year, overperforming other business equipment & supply stocks by 11 percentage points.
Hni has an average 1 year
price target of $70.00, an upside of 50.96% from Hni's current stock price of $46.37.
Hni stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Hni, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Acacia Research (NASDAQ:ACTG)
Acacia Research (NASDAQ:ACTG) is the #3 top business equipment & supply stock out of 5 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year.
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The Component Grade breakdown for Acacia Research (NASDAQ:ACTG) is: Value: C, Growth: A, Momentum: C, Sentiment: A, Safety: D, Financials: C, and AI: C.
Acacia Research (NASDAQ:ACTG) has a Due Diligence Score of 18, which is -18 points lower than the business equipment & supply industry average of 36.
ACTG passed 7 out of 38 due diligence checks and has weak fundamentals. Acacia Research has seen its stock lose -30.7% over the past year, underperforming other business equipment & supply stocks by -24 percentage points.