Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $363.17 Consensus Price Target from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $362.00.

A number of equities analysts have recently commented on JLL shares. Keefe, Bruyette & Woods lowered their price target on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. UBS Group boosted their price target on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Weiss Ratings raised Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Finally, Zacks Research raised Jones Lang LaSalle from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th.

Insider Transactions at Jones Lang LaSalle

In other Jones Lang LaSalle news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the transaction, the director owned 14,985 shares of the company’s stock, valued at $4,502,992.50. This represents a 14.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter valued at about $25,000. International Assets Investment Management LLC bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $29,000. Activest Wealth Management grew its position in shares of Jones Lang LaSalle by 1,720.0% in the 4th quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after buying an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at about $35,000. Finally, Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at about $38,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

JLL opened at $346.59 on Monday. The business has a fifty day simple moving average of $308.25 and a 200 day simple moving average of $318.42. The company has a market capitalization of $16.24 billion, a PE ratio of 21.12 and a beta of 1.41. Jones Lang LaSalle has a 1 year low of $201.96 and a 1 year high of $363.06. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.23 and a quick ratio of 2.23.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, February 18th. The financial services provider reported $8.71 earnings per share for the quarter, beating analysts’ consensus estimates of $7.25 by $1.46. The firm had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7.45 billion. Jones Lang LaSalle had a return on equity of 12.50% and a net margin of 3.03%.The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $6.15 EPS. Research analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.