WallStreetZenWallStreetZen

Sectors & IndustriesIndustrialsBusiness Equipment & Supplies
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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
EBF
ENNIS INC
$530.69M4.88%58.10%$0.2500$1.0078%12024-04-122024-05-06
ACTG
ACACIA RESEARCH CORP
$527.45MN/A0.00%$0.1250N/AN/A0
SCS
STEELCASE INC
$1.47B3.11%63.50%$0.1000$0.4057%22024-04-022024-04-15
HNI
HNI CORP
$2.12B2.84%115.30%$0.3200$1.2853%0
ACCO
ACCO BRANDS CORP
$533.50M5.34%-130.40%$0.0750$0.3081%0

Business Equipment & Supply Stocks FAQ

What are the best business equipment & supply stocks to buy right now in Mar 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 55, which is 19 points higher than the business equipment & supply industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock lose -2.57% over the past year, underperforming other business equipment & supply stocks by -37 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 41.55% over the past year, overperforming other business equipment & supply stocks by 7 percentage points.

Acacia Research has an average 1 year price target of $7.00, an upside of 32.58% from Acacia Research's current stock price of $5.28.

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 35, which is -1 points lower 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 47.25% over the past year, overperforming other business equipment & supply stocks by 12 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 5.34%, which is 1 percentage points higher than the business equipment & supply industry average of 4.04%. 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 4.88%, which is 1 percentage points higher than the business equipment & supply industry average of 4.04%. 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 3.11%, which is -1 percentage points lower than the business equipment & supply industry average of 4.04%. 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 63.5% indicates that its dividend yield is sustainable for the long-term.

Why are business equipment & supply stocks up?

Business equipment & supply stocks were up 1.27% in the last day, and up 0.2% 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 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 71, which is 37 points higher than the business equipment & supply industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Acacia Research's stock has gained 41.55% in the past year. It has overperformed other stocks in the business equipment & supply industry by 7 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 43, which is 9 points higher than the business equipment & supply industry average of 34. It passed 3 out of 7 valuation due diligence checks.

Ennis's stock has dropped -2.57% in the past year. It has underperformed other stocks in the business equipment & supply industry by -37 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 33.03% 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 21.85x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.