On Jun 18, 2014, we issued an updated research report on
Jones Lang LaSalle Incorporated
) that shortened its name to "JLL" in Mar 2014.
JLL has a broad range of real estate product and services as well
as an extensive knowledge of domestic and international real estate
markets, enabling it to operate as a single-source provider of real
In recent times, JLL announced the acquisition of Tenzing and
decided to merge business operations in Sweden with immediate
effect. The move would help create the country's leading commercial
real estate services advisor. Moreover, the company disclosed
the buyout of 49% stake in a Kuala Lumpur-based leading transaction
and advisory business - YY Property Solutions, Sdn Bhd.
Notably, the company's first-quarter 2014 adjusted earnings per
share missed the Zacks Consensus Estimate, reflecting a slowdown in
capital market revenues. Yet, earnings were above the year-ago
While an earnings miss at Jones Lang is not encouraging, we believe
that the strength in its Leasing and Property & Facility
Management lines and investments in recruitment, IT and data would
help this stock to grow. However, market weakness and competition
are anticipated to partly lower the growth tempo.
Echoing similar sentiments, over the last 30 days, the Zacks
Consensus Estimate for 2014 remained constant at $7.21 per share
while that for 2015 stood at $8.18 per share. The stock now has a
Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Investors interested in the real estate industry may also consider
CBRE Group, Inc.
). All the stocks carry a Zacks Rank #2 (Buy).
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JONES LANG LASL (JLL): Free Stock Analysis
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