Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $394.00

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $394.00.

A number of research analysts recently weighed in on JLL shares. Zacks Research lowered Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Barclays upped their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Jones Lang LaSalle from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Keefe, Bruyette & Woods dropped their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Finally, UBS Group upped their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd.

Jones Lang LaSalle Trading Up 3.3%

NYSE:JLL opened at $298.82 on Tuesday. The firm has a market cap of $13.86 billion, a P/E ratio of 16.07 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $312.12 and its 200-day simple moving average is $321.22. Jones Lang LaSalle has a 12-month low of $228.40 and a 12-month high of $363.06.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.01 by $0.42. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business had revenue of $6.39 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Jones Lang LaSalle will post 22.8 EPS for the current year.

Insiders Place Their Bets

In other Jones Lang LaSalle news, CEO Richard Bloxam sold 5,440 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director directly owned 14,985 shares in the company, valued at $4,502,992.50. This trade represents a 14.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the third quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $29,000. Activest Wealth Management boosted its stake in shares of Jones Lang LaSalle by 1,720.0% during the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 86 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Jones Lang LaSalle during the fourth quarter valued at $35,000. Finally, True Wealth Design LLC boosted its stake in shares of Jones Lang LaSalle by 13,200.0% during the fourth quarter. True Wealth Design LLC now owns 133 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 132 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

About Jones Lang LaSalle

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.