Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Rating of “Buy” from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given a consensus rating of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $301.57.

JLL has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 price target on the stock. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $254.09 on Tuesday. The business has a fifty day moving average price of $269.03 and a two-hundred day moving average price of $248.41. The stock has a market capitalization of $12.06 billion, a PE ratio of 25.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a fifty-two week low of $167.11 and a fifty-two week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.01 earnings per share. As a group, equities analysts predict that Jones Lang LaSalle will post 13.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $24,283,000. DGS Capital Management LLC lifted its position in shares of Jones Lang LaSalle by 20.4% during the third quarter. DGS Capital Management LLC now owns 2,344 shares of the financial services provider’s stock valued at $632,000 after purchasing an additional 397 shares in the last quarter. American Trust bought a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $208,000. Tidal Investments LLC purchased a new stake in shares of Jones Lang LaSalle during the third quarter valued at approximately $218,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Jones Lang LaSalle during the third quarter worth $146,000. 94.80% of the stock is 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.