Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Recommendation of “Moderate Buy” by Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $216.67.

Several equities research analysts have recently commented on the stock. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. upped their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 21st. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group started coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective for the company.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $97,222,000. Swedbank AB bought a new position in shares of Jones Lang LaSalle during the first quarter worth $97,018,000. EdgePoint Investment Group Inc. grew its holdings in shares of Jones Lang LaSalle by 27.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after buying an additional 443,992 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Jones Lang LaSalle by 84.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock valued at $111,270,000 after buying an additional 270,404 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Jones Lang LaSalle by 3,097.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 193,240 shares of the financial services provider’s stock worth $36,497,000 after acquiring an additional 187,196 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

NYSE JLL opened at $198.70 on Tuesday. Jones Lang LaSalle has a twelve month low of $119.46 and a twelve month high of $213.33. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9.45 billion, a P/E ratio of 31.95 and a beta of 1.38. The company’s 50-day simple moving average is $197.52 and its 200 day simple moving average is $188.12.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. As a group, research analysts forecast that Jones Lang LaSalle will post 12.36 earnings per share for the current fiscal year.

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.