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Best Business Equipment & Supply Stocks to Buy Now (2023)
Top business equipment & supply stocks in 2023 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...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
EBF
ENNIS INC
NYSE
Business Equipment & Supplies
$547.05M$21.16-0.28%$82.26M11.56x0.17
HNI
HNI CORP
NYSE
Business Equipment & Supplies
$1.59B$34.15-1.39%$179.10M20.45x1.90
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$510.66M$5.38-6.27%$134.70M-17.93x2.40
SCS
STEELCASE INC
NYSE
Business Equipment & Supplies
$1.24B$10.87-2.69%$196.90M23.13x1.58
ACTG
ACACIA RESEARCH CORP
NASDAQ
Business Equipment & Supplies
$354.60M$3.55-2.74%$17.38M-17.75x0.54

Business Equipment & Supply Stocks FAQ

What are the best business equipment & supply stocks to buy right now in Oct 2023?

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 19 points higher than the business equipment & supply industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock return 3.78% over the past year, underperforming other business equipment & supply stocks by -13 percentage points.

2. Hni (NYSE:HNI)


Hni (NYSE:HNI) is the second best business equipment & supply stock with a Zen Score of 31, which is equal to the business equipment & supply industry average of 31. It passed 10 out of 38 due diligence checks and has average fundamentals. Hni has seen its stock return 21.92% over the past year, overperforming other business equipment & supply stocks by 5 percentage points.

Hni has an average 1 year price target of $45.00, an upside of 31.77% from Hni's current stock price of $34.15.

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. Acco Brands (NYSE:ACCO)


Acco Brands (NYSE:ACCO) is the third best business equipment & supply stock with a Zen Score of 27, which is -4 points lower than the business equipment & supply industry average of 31. It passed 8 out of 38 due diligence checks and has average fundamentals. Acco Brands has seen its stock return 6.53% over the past year, underperforming other business equipment & supply stocks by -10 percentage points.

Acco Brands has an average 1 year price target of $8.00, an upside of 48.7% from Acco Brands's current stock price of $5.38.

Acco Brands stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Acco Brands, 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 5.58%, which is 1 percentage points higher than the business equipment & supply industry average of 4.43%. 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 -100% 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 4.73%, which is the same as the business equipment & supply industry average of 4.43%. 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 54.6% indicates that its dividend yield is sustainable for the long-term.

3. Hni (NYSE:HNI)


Hni (NYSE:HNI) has an annual dividend yield of 3.75%, which is -1 percentage points lower than the business equipment & supply industry average of 4.43%. Hni's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Hni's dividend has shown consistent growth over the last 10 years.

Hni's dividend payout ratio of 76.6% indicates that its dividend yield is sustainable for the long-term.

Why are business equipment & supply stocks down?

Business equipment & supply stocks were down -1.7% in the last day, and down -1.01% 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. Acacia Research (NASDAQ:ACTG)


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

Acacia Research's stock has dropped -12.56% in the past year. It has underperformed other stocks in the business equipment & supply industry by -29 percentage points.

2. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the second most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Ennis has a valuation score of 29, which is 12 points higher than the business equipment & supply industry average of 17. It passed 2 out of 7 valuation due diligence checks.

Ennis's stock has gained 3.78% in the past year. It has underperformed other stocks in the business equipment & supply industry by -13 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 34.08% 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 12.27x.
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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.