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

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $246.80.

Several equities analysts have recently commented on JLL shares. Keefe, Bruyette & Woods upped their target price on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. UBS Group boosted their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Raymond James boosted their price target on 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, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in JLL. Swedbank AB bought a new stake in Jones Lang LaSalle during the first quarter worth $97,018,000. EdgePoint Investment Group Inc. lifted its stake 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 acquiring an additional 443,992 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 270,404 shares during the last quarter. Select Equity Group L.P. bought a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $55,152,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Jones Lang LaSalle by 20.9% in the 2nd 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 acquiring an additional 181,246 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock opened at $264.66 on Thursday. Jones Lang LaSalle has a 12 month low of $119.46 and a 12 month high of $273.82. The stock’s 50 day moving average is $253.55 and its 200-day moving average is $220.75. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 42.55 and a beta of 1.37.

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