Sectors & Industries IndustrialsBusiness 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...

Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	1d %	1w %	1m %	3m %	6m %	1y %	3y %	5y %	10y %	52-week High	52-week Low	% off 52-week High	% off 52-week Low	Beta	Volume	Vol 1d %
EBF	ENNIS INC	$20.65	0.44%	1.32%	8.51%	1.47%	-4.53%	2.84%	-4.09%	4.82%	36.75%	$23.17	$18.88	10.88%	9.38%	0.67	66,675	5.94%
AVY	AVERY DENNISON CORP	$225.74	0.30%	0.82%	6.84%	9.38%	20.11%	30.27%	3.05%	118.32%	369.12%	$228.15	$158.93	1.05%	42.04%	1.02	326,972	-12.18%
MLKN	MILLERKNOLL INC	$27.86	1.09%	4.46%	11.31%	-3.77%	8.96%	71.24%	-39.05%	-26.00%	-7.93%	$31.33	$13.20	11.08%	111.06%	1.13	406,177	23.86%
SCS	STEELCASE INC	$13.37	1.44%	5.28%	11.51%	1.91%	11.60%	80.19%	-7.28%	-21.95%	-16.39%	$14.54	$6.39	8.05%	109.23%	1.03	441,697	25.12%
HNI	HNI CORP	$47.07	2.77%	5.47%	13.29%	10.23%	18.53%	73.37%	5.00%	30.35%	32.85%	$47.32	$25.06	0.53%	87.83%	1.11	315,778	96.27%
ACCO	ACCO BRANDS CORP	$5.17	0.78%	5.30%	2.99%	-19.84%	3.40%	-3.36%	-46.42%	-37.56%	-13.26%	$6.62	$4.64	21.90%	11.42%	0.96	545,574	-0.47%
PMTS	CPI CARD GROUP INC	$21.56	-5.65%	4.97%	22.85%	8.07%	41.01%	-20.27%	26.82%	744.17%	N/A	$29.94	$12.65	27.98%	70.43%	0.64	80,092	61.51%
PBI	PITNEY BOWES INC	$5.72	9.37%	9.37%	40.54%	42.29%	38.50%	87.54%	-26.85%	13.49%	-78.03%	$5.78	$2.80	1.04%	104.29%	1.39	2,836,424	100.16%

Business Equipment & Supply Stocks FAQ

What are the best business equipment & supply stocks to buy right now in May 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 50, which is 14 points higher than the business equipment & supply industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ennis has seen its stock return 2.84% over the past year, underperforming other business equipment & supply stocks by -40 percentage points.

2. Avery Dennison (NYSE:AVY)

Avery Dennison (NYSE:AVY) is the second best business equipment & supply stock with a Zen Score of 47, which is 11 points higher than the business equipment & supply industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Avery Dennison has seen its stock return 30.27% over the past year, underperforming other business equipment & supply stocks by -13 percentage points.

Avery Dennison has an average 1 year price target of $232.50, an upside of 2.99% from Avery Dennison's current stock price of $225.74.

Avery Dennison stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Avery Dennison, 50% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Millerknoll (NASDAQ:MLKN)

Millerknoll (NASDAQ:MLKN) is the third 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 13 out of 38 due diligence checks and has average fundamentals. Millerknoll has seen its stock return 71.24% over the past year, overperforming other business equipment & supply stocks by 28 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 5.8%, which is 2 percentage points higher than the business equipment & supply industry average of 4.09%. 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 4.84%, which is 1 percentage points higher than the business equipment & supply industry average of 4.09%. 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. Pitney Bowes (NYSE:PBI)

Pitney Bowes (NYSE:PBI) has an annual dividend yield of 3.5%, which is -1 percentage points lower than the business equipment & supply industry average of 4.09%. 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 -9.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are business equipment & supply stocks up?

Business equipment & supply stocks were up 1.92% in the last day, and up 4.24% 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 3 most undervalued business equipment & supply stocks right now are:

1. Cpi Card Group (NASDAQ:PMTS)

Cpi Card Group (NASDAQ:PMTS) is the most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Cpi Card Group has a valuation score of 57, which is 31 points higher than the business equipment & supply industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Cpi Card Group's stock has dropped -20.27% in the past year. It has underperformed other stocks in the business equipment & supply industry by -63 percentage points.

2. Millerknoll (NASDAQ:MLKN)

Millerknoll (NASDAQ:MLKN) is the second most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Millerknoll has a valuation score of 57, which is 31 points higher than the business equipment & supply industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Millerknoll's stock has gained 71.24% in the past year. It has overperformed other stocks in the business equipment & supply industry by 28 percentage points.

3. Ennis (NYSE:EBF)

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

Ennis's stock has gained 2.84% in the past year. It has underperformed other stocks in the business equipment & supply industry by -40 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 19.07% 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 20.06x.

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.