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...
OverviewZen ScorePriceValuationFinancials
ForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
EBF
ENNIS INC
$524.22M13.10%11.20%16.74%43.30%0.155.8129.60%10.50%14.44%
SCS
STEELCASE INC
$1.43B9.40%3.70%8.16%7.90%1.521.5832.00%2.60%4.21%
ACTG
ACACIA RESEARCH CORP
$501.48M12.80%9.80%11.14%44.00%0.0820.0757.80%44.10%53.94%
HNI
HNI CORP
$2.09B8.80%3.30%7.55%7.70%1.481.2939.60%2.60%4.47%
ACCO
ACCO BRANDS CORP
$466.72M-3.00%-0.90%2.07%2.50%2.351.6932.90%-1.40%2.40%
1

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 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 return 3.95% over the past year, underperforming other business equipment & supply stocks by -38 percentage points.

2. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the second 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 59.11% over the past year, overperforming other business equipment & supply stocks by 17 percentage points.

3. Acacia Research (NASDAQ:ACTG)


Acacia Research (NASDAQ:ACTG) is the third best business equipment & supply stock with a Zen Score of 33, which is -3 points lower than the business equipment & supply industry average of 36. It passed 12 out of 38 due diligence checks and has average fundamentals. Acacia Research has seen its stock return 29.38% over the past year, underperforming other business equipment & supply stocks by -12 percentage points.

Acacia Research has an average 1 year price target of $7.00, an upside of 39.44% from Acacia Research's current stock price of $5.02.

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.

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 6.15%, 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 4.94%, which is 1 percentage points higher than 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 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 3.2%, 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 up?

Business equipment & supply stocks were up 1.33% in the last day, and up 3.42% 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. 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 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.

Acacia Research's stock has gained 29.38% in the past year. It has underperformed other stocks in the business equipment & supply industry by -12 percentage points.

2. Steelcase (NYSE:SCS)


Steelcase (NYSE:SCS) is the second most undervalued business equipment & supply stock based on WallStreetZen's Valuation Score. Steelcase has a valuation score of 29, which is 3 points higher than the business equipment & supply industry average of 26. It passed 2 out of 7 valuation due diligence checks.

Steelcase's stock has gained 59.11% in the past year. It has overperformed other stocks in the business equipment & supply industry by 17 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 29, which is 3 points higher than the business equipment & supply industry average of 26. It passed 2 out of 7 valuation due diligence checks.

Ennis's stock has gained 3.95% in the past year. It has underperformed other stocks in the business equipment & supply industry by -38 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 26.64% 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 18.57x.
©2024 WallStreetZen
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletter
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
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.