Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $309.00.

Several equities analysts recently issued reports on the company. Raymond James boosted their price objective on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. 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 report on Monday, December 16th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 22nd.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Jones Lang LaSalle by 17.7% during the third quarter. Cerity Partners LLC now owns 2,031 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 306 shares during the period. Glenmede Trust Co. NA acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jones Lang LaSalle by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,267 shares of the financial services provider’s stock valued at $40,813,000 after acquiring an additional 1,177 shares during the period. Edgestream Partners L.P. acquired a new stake in Jones Lang LaSalle during the 3rd quarter valued at $1,186,000. Finally, HighTower Advisors LLC boosted its position in Jones Lang LaSalle by 6.0% during the third quarter. HighTower Advisors LLC now owns 3,325 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 2.6 %

Shares of NYSE JLL opened at $213.78 on Thursday. The firm has a 50 day moving average price of $262.28 and a 200 day moving average price of $263.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The stock has a market cap of $10.13 billion, a P/E ratio of 18.94 and a beta of 1.22. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.23 EPS. Analysts expect that Jones Lang LaSalle will post 16.45 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.