Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) 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.
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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 – Get Free Report) 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.
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