BASF initiates sale of coatings business at about $6.8 billion valuation, Bloomberg News reports
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
BASF's Coatings Business Sale: BASF SE is exploring the sale of its coatings business, valued at approximately 6 billion euros, with interest from firms like Carlyle Group and Sherwin-Williams, as well as other private equity firms.
Strategic Market Exploration: The company aims to assess market interest in its coatings division during the second quarter, following a strategy to make its agriculture, battery materials, and coatings businesses more autonomous to enhance earnings.
Analyst Views on SHW
Wall Street analysts forecast SHW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHW is 392.92 USD with a low forecast of 370.00 USD and a high forecast of 422.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 350.630
Low
370.00
Averages
392.92
High
422.00
Current: 350.630
Low
370.00
Averages
392.92
High
422.00
About SHW
The Sherwin-Williams Company is engaged in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe, Asia and Australia. Its Paint Stores Group segment is engaged in servicing the needs of architectural and industrial paint contractors and do-it-yourself homeowners. The Consumer Brands Group segment manufactures and distributes a broad portfolio of branded and private-label architectural paint, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks and adhesives to retailers, including home centers and hardware stores, dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial (metal and plastic) applications and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
