Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $235.33.

Several equities research analysts have weighed in on JLL shares. UBS Group raised their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods raised their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Raymond James lifted their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth $30,000. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle during the second quarter worth $34,000. Atlas Capital Advisors LLC purchased a new position in Jones Lang LaSalle in the first quarter valued at $35,000. Riverview Trust Co purchased a new position in Jones Lang LaSalle in the first quarter valued at $38,000. Finally, Mather Group LLC. increased its holdings in Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $254.28 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm’s 50 day moving average price is $241.26 and its 200-day moving average price is $210.22. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $261.83. The company has a market cap of $12.07 billion, a PE ratio of 40.88 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. Jones Lang LaSalle’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Sell-side analysts forecast that Jones Lang LaSalle will post 12.54 EPS for the current fiscal year.

About Jones Lang LaSalle

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.