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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...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
HNI
HNI CORP
NYSE
Business Equipment & Supplies
$2.10B$44.36-1.97%$214.80M31.69x1.48
EBF
ENNIS INC
NYSE
Business Equipment & Supplies
$542.55M$20.88-0.85%$72.66M12.65x0.14
SCS
STEELCASE INC
NYSE
Business Equipment & Supplies
$1.41B$12.33-1.60%$216.60M18.13x1.52
ACTG
ACACIA RESEARCH CORP
NASDAQ
Business Equipment & Supplies
$531.12M$5.31-0.38%$69.28M9.16x0.07
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$459.07M$4.80-1.64%$117.10M-18.46x2.35

Business Equipment & Supply Stocks FAQ

What are the best business equipment & supply stocks to buy right now in Jun 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 48, which is 7 points higher than the business equipment & supply industry average of 41. It passed 18 out of 38 due diligence checks and has strong fundamentals. Hni has seen its stock return 66.58% over the past year, overperforming other business equipment & supply stocks by 31 percentage points.

Hni has an average 1 year price target of $57.00, an upside of 28.49% from Hni's current stock price of $44.36.

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. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the second best business equipment & supply stock with a Zen Score of 47, which is 6 points higher than the business equipment & supply industry average of 41. It passed 16 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock lose -0.14% over the past year, underperforming other business equipment & supply stocks by -36 percentage points.

3. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the third best business equipment & supply stock with a Zen Score of 46, which is 5 points higher than the business equipment & supply industry average of 41. It passed 17 out of 38 due diligence checks and has strong fundamentals. Steelcase has seen its stock return 67.76% over the past year, overperforming other business equipment & supply stocks by 32 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 6.25%, which is 2 percentage points higher than the business equipment & supply industry average of 4.3%. 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 4.79%, which is the same as the business equipment & supply industry average of 4.3%. 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 3.24%, which is -1 percentage points lower than the business equipment & supply industry average of 4.3%. 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 -1.54% in the last day, and down -1.45% 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 11 points higher than the business equipment & supply industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Steelcase's stock has gained 67.76% in the past year. It has overperformed other stocks in the business equipment & supply industry by 32 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 11 points higher than the business equipment & supply industry average of 32. It passed 3 out of 7 valuation due diligence checks.

Acacia Research's stock has gained 17.22% in the past year. It has underperformed other stocks in the business equipment & supply industry by -19 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 30.35% 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 18.9x.
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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.