Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $246.80 Consensus Target Price from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $246.80.

Several equities analysts recently issued reports on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Raymond James boosted their target price on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted 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.

Jones Lang LaSalle Stock Up 1.3 %

NYSE:JLL opened at $269.02 on Monday. The company has a market cap of $12.77 billion, a PE ratio of 27.20 and a beta of 1.37. Jones Lang LaSalle has a twelve month low of $136.83 and a twelve month high of $288.50. The company has a current ratio of 2.29, a quick ratio of 2.58 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $262.99 and its two-hundred day moving average is $231.89.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 EPS. Analysts anticipate that Jones Lang LaSalle will post 12.65 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of large investors have recently added to or reduced their stakes in the stock. Swedbank AB acquired a new stake in shares of Jones Lang LaSalle in the first quarter valued at about $97,018,000. EdgePoint Investment Group Inc. raised its position in shares of Jones Lang LaSalle by 27.3% in the first 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 last quarter. Select Equity Group L.P. acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at about $55,152,000. Massachusetts Financial Services Co. MA raised its position in shares of Jones Lang LaSalle by 20.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Jones Lang LaSalle by 167,988.5% in the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after buying an additional 146,150 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.