Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $338.2857.

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. UBS Group increased their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th.

Jones Lang LaSalle Price Performance

Shares of Jones Lang LaSalle stock opened at $301.93 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $322.36. The company has a fifty day moving average of $302.29 and a 200-day moving average of $274.36. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 25.96 and a beta of 1.46.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.26. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. Equities research analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently bought and sold shares of JLL. Chilton Capital Management LLC increased its stake in shares of Jones Lang LaSalle by 33.0% during the third quarter. Chilton Capital Management LLC now owns 133 shares of the financial services provider’s stock valued at $40,000 after buying an additional 33 shares during the period. Southeast Asset Advisors LLC boosted its holdings in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after acquiring an additional 39 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Jones Lang LaSalle by 2.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 47 shares during the period. GAMMA Investing LLC raised its holdings in Jones Lang LaSalle by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 51 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Jones Lang LaSalle by 1.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,208 shares of the financial services provider’s stock worth $1,255,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.