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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...
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
VRTV
VERITIV CORP
NYSE
Business Equipment & Supplies
$1.69B$124.702.42%$495.20M5.23x1.76
HNI
HNI CORP
NYSE
Business Equipment & Supplies
$1.10B$26.50-0.26%$239.40M8.92x1.29
EBF
ENNIS INC
NYSE
Business Equipment & Supplies
$530.16M$20.52-3.02%$76.74M12.75x0.20
AVY
AVERY DENNISON CORP
NYSE
Business Equipment & Supplies
$13.71B$169.63-0.60%$1.37B18.28x2.91
MLKN
MILLERKNOLL INC
NASDAQ
Business Equipment & Supplies
$1.49B$19.73-4.41%$364.20M18.44x2.03
ACCO
ACCO BRANDS CORP
NYSE
Business Equipment & Supplies
$471.62M$4.99-1.19%$139.90M-35.64x2.45
SCS
STEELCASE INC
NYSE
Business Equipment & Supplies
$859.82M$7.615.99%$142.00M50.73x1.80
PBI
PITNEY BOWES INC
NYSE
Business Equipment & Supplies
$618.36M$3.55-3.79%$293.68M16.90x77.17
1

Business Equipment & Supply Stocks FAQ

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

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

1. Veritiv (NYSE:VRTV)


Veritiv (NYSE:VRTV) is the top business equipment & supply stock with a Zen Score of 56, which is 18 points higher than the business equipment & supply industry average of 38. It passed 22 out of 38 due diligence checks and has strong fundamentals. Veritiv has seen its stock lose -0.61% over the past year, overperforming other business equipment & supply stocks by 6 percentage points.

Veritiv has an average 1 year price target of $155.00, an upside of 24.3% from Veritiv's current stock price of $124.70.

Veritiv stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Veritiv, 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. Hni (NYSE:HNI)


Hni (NYSE:HNI) is the second best business equipment & supply stock with a Zen Score of 50, which is 12 points higher than the business equipment & supply industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Hni has seen its stock lose -29.99% over the past year, underperforming other business equipment & supply stocks by -23 percentage points.

Hni has an average 1 year price target of $34.00, an upside of 28.3% from Hni's current stock price of $26.50.

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. Ennis (NYSE:EBF)


Ennis (NYSE:EBF) is the third best business equipment & supply stock with a Zen Score of 49, which is 11 points higher than the business equipment & supply industry average of 38. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock return 12.38% over the past year, overperforming other business equipment & supply stocks by 19 percentage points.

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

Out of 8 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. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) has an annual dividend yield of 6.44%, which is 2 percentage points higher 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 356.7% indicates that its high dividend yield might not be sustainable for the long-term.

2. Acco Brands (NYSE:ACCO)


Acco Brands (NYSE:ACCO) has an annual dividend yield of 6.01%, 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 -214.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Pitney Bowes (NYSE:PBI)


Pitney Bowes (NYSE:PBI) has an annual dividend yield of 5.63%, which is 1 percentage points higher than the business equipment & supply industry average of 4.3%. 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 95.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are business equipment & supply stocks up?

Business equipment & supply stocks were up 0.14% in the last day, and down -0.25% over the last week. Steelcase was the among the top gainers in the business equipment & supplies industry, gaining 5.99% yesterday.

Steelcase shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 EPS and revenue guidance above estimates.

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. Veritiv (NYSE:VRTV)


Veritiv (NYSE:VRTV) is the most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Veritiv has a valuation score of 71, which is 39 points higher than the business equipment & supply industry average of 32. It passed 5 out of 7 valuation due diligence checks.

Veritiv's stock has dropped -0.61% in the past year. It has overperformed other stocks in the business equipment & supply industry by 6 percentage points.

2. Hni (NYSE:HNI)


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

Hni's stock has dropped -29.99% in the past year. It has underperformed other stocks in the business equipment & supply industry by -23 percentage points.

3. Millerknoll (NASDAQ:MLKN)


Millerknoll (NASDAQ:MLKN) is the third most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Millerknoll 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.

Millerknoll's stock has dropped -39.44% in the past year. It has underperformed other stocks in the business equipment & supply industry by -33 percentage points.

Are business equipment & supply stocks a good buy now?

42.86% 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 22.35% 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 16.65x.
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