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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...
OverviewZen ScorePriceValuation
FinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
EBF
ENNIS INC
$19.43$10.8479.23%11.30xN/A1.18x1.45x4.86x$61.05M12.14%$347.63M13.43$429.79M5.44
ACTG
ACACIA RESEARCH CORP
$4.88N/AN/A6.68xN/A2.94x0.86xN/A-$22.70M-6.17%$568.27M7.55$159.66M1.94
SCS
STEELCASE INC
$11.94N/AN/A17.56xN/A0.43x1.54xN/A$311.00M22.71%$887.10M7.73$1.68B7.76
HNI
HNI CORP
$42.14N/AN/A37.96xN/A0.77x2.60xN/A$188.40M10.05%$761.40M17.11$2.53B13.67
ACCO
ACCO BRANDS CORP
$4.92N/AN/A-21.39x2.63x0.26x0.59xN/A$114.90M24.51%$787.00M8.26$1.42B11.65
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Business Equipment & Supply Stocks FAQ

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

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 52, which is 16 points higher than the business equipment & supply industry average of 36. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock lose -2.26% over the past year, underperforming other business equipment & supply stocks by -33 percentage points.

2. Acacia Research (NASDAQ:ACTG)


Acacia Research (NASDAQ:ACTG) is the second best business equipment & supply stock with a Zen Score of 38, which is 2 points higher than the business equipment & supply industry average of 36. It passed 14 out of 38 due diligence checks and has average fundamentals. Acacia Research has seen its stock return 28.42% over the past year, underperforming other business equipment & supply stocks by -2 percentage points.

Acacia Research has an average 1 year price target of $7.00, an upside of 43.44% from Acacia Research's current stock price of $4.88.

Acacia Research stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Acacia Research, 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.

3. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the third best business equipment & supply stock with a Zen Score of 37, which is 1 points higher than the business equipment & supply industry average of 36. It passed 13 out of 38 due diligence checks and has average fundamentals. Steelcase has seen its stock return 40.8% over the past year, overperforming other business equipment & supply stocks by 10 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 6.1%, which is 2 percentage points higher than the business equipment & supply industry average of 4.41%. 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 -130.4% 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 5.15%, which is 1 percentage points higher than the business equipment & supply industry average of 4.41%. 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 58.1% 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 3.35%, which is -1 percentage points lower than the business equipment & supply industry average of 4.41%. 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 up?

Business equipment & supply stocks were up 1.73% in the last day, and down -0.58% over the last week.

We couldn't find a catalyst for why business equipment & supply stocks are up.

What are the most undervalued business equipment & supply stocks?

Based on WallStreetZen's Valuation Score, the 1 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 71, which is 40 points higher than the business equipment & supply industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Acacia Research's stock has gained 28.42% in the past year. It has underperformed other stocks in the business equipment & supply industry by -2 percentage points.

Are business equipment & supply stocks a good buy now?

100% of business equipment & supply stocks rated by analysts are a buy right now. On average, analysts expect business equipment & supply stocks to rise by 47.96% 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 20.41x.
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