Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $174.00 Consensus Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average rating of “Hold” from the four ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $174.00.

JLL has been the topic of a number of recent research reports. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Raymond James raised their price objective on Jones Lang LaSalle from $173.00 to $199.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th.

Jones Lang LaSalle Stock Performance

JLL stock opened at $190.65 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $182.22 and its two-hundred day simple moving average is $164.70. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $195.38. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 40.91 and a beta of 1.42.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.53. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business had revenue of $5.88 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same quarter last year, the firm posted $4.36 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts predict that Jones Lang LaSalle will post 11.93 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its position in Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after buying an additional 57 shares during the last quarter. Cerity Partners LLC boosted its position in Jones Lang LaSalle by 2.0% in the second quarter. Cerity Partners LLC now owns 3,042 shares of the financial services provider’s stock valued at $474,000 after buying an additional 61 shares during the last quarter. Tributary Capital Management LLC boosted its position in Jones Lang LaSalle by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 4,351 shares of the financial services provider’s stock valued at $822,000 after buying an additional 83 shares during the last quarter. HighTower Advisors LLC boosted its position in Jones Lang LaSalle by 2.5% in the first quarter. HighTower Advisors LLC now owns 3,413 shares of the financial services provider’s stock valued at $818,000 after buying an additional 84 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Jones Lang LaSalle by 78.7% in the third quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.