Jones Lang LaSalle Reaches 52-Week High - Analyst Blog


Shares of Jones Lang LaSalle Incorporated ( JLL ) crafted a new 52-week high, touching $102.23 during the trading session on Dec 24. However, the stock closed the session at $101.75, which reflects a solid year-to-date return of 18.7%. The trading volume for the session was 0.08 million shares. 

Despite the strong price appreciation, this Zacks Rank #2 (Buy) stock has plenty of upside left, given the improving market fundamentals, acquisitions, deal with Gemalto and expected long-term earnings growth of 13.83%. 

Growth Drivers 

We are positive on Jones Lang LaSalle, following its strong results in third-quarter 2013 and improving market fundamentals. Aided by solid growth in revenues, Jones Lang's third-quarter 2013 adjusted earnings per share came in substantially ahead of the Zacks Consensus Estimate and also came 21% above the year-ago quarter figure. 

Quarterly results benefited from decent growth in fee revenues, driven by Capital Markets & Hotels and Property & Facility Management and a strong performance in leasing. Moreover, the company increased its credit facility, which along with a solid balance sheet, provides the company the wherewithal to carry on investing in growth drivers going forward.

In recent times, Jones Lang LaSalle disclosed that it was selected by Gemalto - a leading international digital security company - to act as adviser for its worldwide real estate operations. The company also acquired a Houston-based property management company - Means Knaus Partners (MKP) in the third quarter to enhance its office property management capacities. Apart from this, it acquired the Kansas City-area commercial real estate firm, Capital Realty.

Moreover, Jones Lang LaSalle saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average a few days ago. The stock has recorded an average earnings surprise of 12.02% over the past 4 quarters.

Other Stocks to Consider 

Apart from Jones Lang LaSalle, the other stocks worth considering in the Real Estate Operations sector include E-House (China) Holdings Ltd. ( EJ ), FirstService Corp. ( FSRV ) and Kennedy-Wilson Holdings, Inc. ( KW ). All these stocks carry a Zacks Rank #1 (Strong Buy). 

E-HOUSE CHINA (EJ): Free Stock Analysis Report

FIRSTSERVICE CP (FSRV): Free Stock Analysis Report

JONES LANG LASL (JLL): Free Stock Analysis Report

KENNEDY-WILSON (KW): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: EJ , FSRV , JLL , KW

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