Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $271.50

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $271.50.

Several equities research analysts have weighed in on JLL shares. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Keefe, Bruyette & Woods lifted their price target on Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Trust purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter worth $208,000. Tidal Investments LLC purchased a new position in Jones Lang LaSalle during the third quarter worth about $218,000. Wilmington Savings Fund Society FSB acquired a new position in Jones Lang LaSalle in the 3rd quarter valued at about $146,000. Sanctuary Advisors LLC grew its stake in shares of Jones Lang LaSalle by 19.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,809 shares of the financial services provider’s stock valued at $740,000 after buying an additional 453 shares during the period. Finally, TCW Group Inc. increased its holdings in shares of Jones Lang LaSalle by 10.6% during the 3rd quarter. TCW Group Inc. now owns 293,589 shares of the financial services provider’s stock worth $79,213,000 after buying an additional 28,084 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $280.60 on Friday. The firm has a market capitalization of $13.31 billion, a P/E ratio of 28.37 and a beta of 1.37. Jones Lang LaSalle has a 52 week low of $154.43 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $267.69 and a 200 day moving average price of $240.83.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.01 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 13.17 EPS for the current 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.