Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $328.57 Consensus Target Price from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $328.5714.

Several research firms have issued reports on JLL. Citizens Jmp assumed coverage on Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. UBS Group upped their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted 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, Wall Street Zen upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Sunday, August 31st.

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $297.18 on Thursday. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 25.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $322.36. The firm’s fifty day moving average price is $295.75 and its 200 day moving average price is $256.78.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.17 billion. During the same period in the previous year, the business posted $2.55 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Jones Lang LaSalle will post 16.45 EPS for the current year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its stake in shares of Jones Lang LaSalle by 4.7% during the 4th quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 38 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Jones Lang LaSalle during the fourth quarter worth $590,000. Mackenzie Financial Corp raised its holdings in shares of Jones Lang LaSalle by 4.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,545 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 68 shares during the last quarter. Integrated Advisors Network LLC lifted its position in shares of Jones Lang LaSalle by 8.1% in the fourth quarter. Integrated Advisors Network LLC now owns 2,347 shares of the financial services provider’s stock valued at $594,000 after acquiring an additional 176 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Jones Lang LaSalle by 7.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,292 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 87 shares during the last quarter. 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.