Many stocks have been testing new highs in 2020, and one of the most notable is Jones Lang LaSalle Incorporated (JLL). Currently, JLL is trading at $125.53 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $138.25.
To add more color to this target, the company’s high over the last year is $178.55 and the low is $78.29. Over the last 52 weeks, JLL is down -29.69% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, JLL reported a profit of $64.6 million. Jones Lang LaSalle Incorporated also saw revenues increase to $4.1 billion. In addition, JLL has free cash flow of -$590.5 million as of 03-2020 The company’s EBITDA came in at $64.6 million which compares well with its peers.
JLL booked profit margins of 2.80%, its Return on Equity (ROE) is 11.10%, and its Return on Assets is 4.00%. All told, it is clear that, JLL needs to be on your watchlist.
About Jones Lang LaSalle Incorporated
If readers are unfamiliar, Jones Lang LaSalle Incorporated, a professional services company, provides commercial real estate and investment management services worldwide. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt placement, loan sales, equity placement, loan servicing, funds advisory, merger and acquisition, corporate advisory, and investment sales and acquisitions services. It also provides on-site management services; integrated facilities management services; designing, building, management, and consulting services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments; and advisory, consulting, and valuation services. In addition, the company provides investment management services to institutional and retail investors, including high-net-worth individuals. It offers its services to real estate owners, occupiers, investors, and developers for various property types, including cultural, educational, government, healthcare, laboratory, hotel, hospitality, and sports facilities; industrial and warehouse, office, and residential properties; retail and shopping malls; critical environment, data, transportation, and sort and fulfillment centers; infrastructure projects; and military housings. The company was formerly known as LaSalle Partners Incorporated and changed its name to Jones Lang LaSalle Incorporated in March 1999. Jones Lang LaSalle Incorporated was founded in 1997 and is headquartered in Chicago, Illinois.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JLL has a short ratio of 3.52 and outstanding shares of 51.61M.
JLL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 10.12. Investors should also keep an eye on sector updates as JLL has historically followed its peers on positive news.
All told, Jones Lang LaSalle Incorporated JLL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JLL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Jones Lang LaSalle Incorporated JLL is now commanding a market cap of 6.48B and a float of 51.34M. JLL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JLL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in JLL, either long or short, and we have not been compensated for this article.