BASF SE’s BASFY coatings unit’s premium refinish brands, Glasurit and R-M, have been selected by BMW Group among its preferred paint brands for its aftersales network. This collaboration includes 50 markets where BMW Group is not present with its private label.
This strategic partnership will help BASF to contribute to the future of body shop sustainability by leveraging its ability to enhance speed and sustainability in the refinishing process by simplifying certain 3-stage colors into 2-stage colors. Glasurit 100 Line and R-M Agilis belong to BASF’s premium portfolio, standing out for exceptional performance. These products are expected to reshape the future of body shops worldwide.
BASF Coatings offers BMW and MINI body shops an extensive range of refinishing solutions, ensuring efficiency and high quality. Additional training solutions will equip BMW Group’s body shop painters and owners with the required skills to foster a sustainable environment within their operations.
BASFY’s shares have lost 4.7% in the past year, the same as the industry’s decline of 4.7%.
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BASFY’s Zacks Rank and Key Picks
BASF currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation CRS, ICL Group Ltd ICL and Fortuna Mining Corp. FSM. While CRS and ICL sport a Zacks Rank #1 (Strong Buy) each at present, FSM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Carpenter Technology’s current-year earnings is pegged at $6.77 per share. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. CRS’ shares have soared 204.5% in the past year.
The Zacks Consensus Estimate for ICL Group’s current-year earnings is pegged at 37 cents per share. ICL surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average earnings surprise of 18.1%. The stock has gained 29.5% in the past year.
The Zacks Consensus Estimate for Fortuna Mining’s current-year earnings is pegged at 53 cents per share, indicating a year-over-year rise of 140.9%. FSM’s earnings beat the Zacks Consensus Estimate in two of the last four quarters while missing in the other two with an average earnings surprise of 53.6%. The stock has gained 37.3% in the past year.
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BASF SE (BASFY) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Fortuna Mining Corp. (FSM) : Free Stock Analysis Report
ICL Group Ltd. (ICL) : Free Stock Analysis Report
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