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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $301.57.

Several research firms have issued reports on JLL. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price target for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $269.27 on Friday. Jones Lang LaSalle has a 1 year low of $168.36 and a 1 year high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The business has a fifty day simple moving average of $262.11 and a two-hundred day simple moving average of $256.01. The company has a market capitalization of $12.77 billion, a P/E ratio of 27.23 and a beta of 1.36.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. On average, analysts expect that Jones Lang LaSalle will post 13.61 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock worth $70,643,000 after acquiring an additional 275,606 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth approximately $55,152,000. International Assets Investment Management LLC boosted its stake in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock valued at $39,456,000 after purchasing an additional 146,150 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in shares of Jones Lang LaSalle by 43.0% during the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider’s stock valued at $89,446,000 after purchasing an additional 99,613 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.