Report
Brad Schwer
EUR 101.80 For Business Accounts Only

JLL’s broad platform and competitive advantages will benefit shareholders well into the future.

Jones Lang LaSalle reported third-quarter earnings that were generally in line with our expectations and management's previous 2017 outlook. We plan on maintaining our $123 fair value estimate and wide moat rating. We liked the across-the-board improvements for JLL, as adjusted diluted earnings per share increased dramatically to $1.96 for the quarter from $1.42 last year, a 38% jump. The performance was led by top-line growth of 14% with margin improvement across all segments amid solid market ...
Underlying
Jones Lang LaSalle Incorporated

Jones Lang LaSalle is a professional services firm that engages in real estate and investment management. The company delivers an array of services across four business segments. The company manage its Real Estate Services offerings across three geographic business segments: the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific, and the company manages its investment management business globally as LaSalle Investment Management. In its Americas, EMEA and Asia Pacific operating segments, the company provides a range of leasing, capital markets, integrated property and facility management, project management, advisory, consulting, valuations and digital solutions services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brad Schwer

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