Essendant (ESND) Receives Analyst Rating

Essendant (ESND) : Zacks Investment Research ranks Essendant (ESND) as 5, which is a Strong Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 3, which indicates as a Hold.


Essendant (NASDAQ:ESND): After opening at $19.01, the stock dipped to an intraday low of $18.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.27 and the buying power remained strong till the end. The stock closed at $19.08 for the day, a gain of 0.63% for the day session. The total traded volume was 591,035. The stocks close on the previous trading day was $18.96.

Essendant Inc., formerly United Stationers Inc., is a wholesale distributor of workplace essentials. The Company stocks an assortment of over 160,000 products in categories, including technology products, traditional office products, office furniture, janitorial and breakroom supplies, industrial supplies, and automotive aftermarket tools and equipment. The Company sells its products through a national distribution network of around 77 distribution centers to over 30,000 resellers, who in turn sell directly to end consumers. The Company also has operations in Dubai, United Arab Emirates (UAE). It offers private brand products within each of its product categories, which include Innovera technology products, Universal office products, Windsoft paper products, Boardwalk and UniSan janitorial and sanitation products, Alera office furniture and Anchor Brand and Best Welds welding, industrial, safety and oil field pipeline products.

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