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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
HNI
HNI CORP
NYSE
Business Equipment & Supplies
$2.49B$52.90-0.69%$275.50M21.50x1.46
SCS
STEELCASE INC
NYSE
Business Equipment & Supplies
$1.48B$12.95-0.15%$274.60M12.22x1.43
EBF
ENNIS INC
NYSE
Business Equipment & Supplies
$638.39M$24.550.99%$68.73M15.54x0.14
ACTG
ACACIA RESEARCH CORP
NASDAQ
Business Equipment & Supplies
$449.68M$4.48-1.10%$77.29M5.21x0.28
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$501.98M$5.24-0.19%-$55.70M-2.86x2.91
1

Business Equipment & Supply Stocks FAQ

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

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

1. Hni (NYSE:HNI)


Hni (NYSE:HNI) is the top business equipment & supply stock with a Zen Score of 59, which is 19 points higher than the business equipment & supply industry average of 40. It passed 22 out of 38 due diligence checks and has strong fundamentals. Hni has seen its stock return 47.77% over the past year, overperforming other business equipment & supply stocks by 19 percentage points.

Hni has an average 1 year price target of $63.00, an upside of 19.09% from Hni's current stock price of $52.90.

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.

2. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the second best business equipment & supply stock with a Zen Score of 42, which is 2 points higher than the business equipment & supply industry average of 40. It passed 15 out of 38 due diligence checks and has strong fundamentals. Steelcase has seen its stock return 16.25% over the past year, underperforming other business equipment & supply stocks by -13 percentage points.

Steelcase has an average 1 year price target of $18.00, an upside of 39% from Steelcase's current stock price of $12.95.

Steelcase stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Steelcase, 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. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the third best business equipment & supply stock with a Zen Score of 40, which is equal to the business equipment & supply industry average of 40. It passed 14 out of 38 due diligence checks and has average fundamentals. Ennis has seen its stock return 13.97% over the past year, underperforming other business equipment & supply stocks by -15 percentage points.

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 5.73%, which is 2 percentage points higher than the business equipment & supply industry average of 3.58%. 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 -16.4% indicates that its high dividend yield might not be sustainable for the long-term.

2. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) has an annual dividend yield of 3.09%, which is the same as the business equipment & supply industry average of 3.58%. 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 37.7% indicates that its dividend yield is sustainable for the long-term.

3. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) has an annual dividend yield of 3.05%, which is -1 percentage points lower than the business equipment & supply industry average of 3.58%. 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 63.3% indicates that its dividend yield is sustainable for the long-term.

Why are business equipment & supply stocks down?

Business equipment & supply stocks were down -0.21% in the last day, and down -1.63% 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 2 most undervalued business equipment & supply stocks right now are:

1. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Steelcase 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.

Steelcase's stock has gained 16.25% in the past year. It has underperformed other stocks in the business equipment & supply industry by -13 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 14 points higher than the business equipment & supply industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Acacia Research's stock has gained 22.74% in the past year. It has underperformed other stocks in the business equipment & supply industry by -6 percentage points.

Are business equipment & supply stocks a good buy now?

66.67% 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 23.79% 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 14.84x.
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