Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $338.29 Average Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four 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 twelve-month price objective among brokerages that have covered the stock in the last year is $338.2857.

A number of research firms have recently issued reports on JLL. JMP Securities began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Jones Lang LaSalle in a research report on Wednesday, October 8th. Citizens Jmp began coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, UBS Group increased their price target on shares of Jones Lang LaSalle from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, October 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JLL. Chilton Capital Management LLC bought a new position in Jones Lang LaSalle during the second quarter valued at approximately $26,000. Golden State Wealth Management LLC acquired a new position in Jones Lang LaSalle during the first quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. SVB Wealth LLC acquired a new position in Jones Lang LaSalle during the first quarter valued at approximately $38,000. Finally, Caldwell Trust Co acquired a new position in Jones Lang LaSalle during the second quarter valued at approximately $38,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $317.32 on Monday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $322.36. The firm has a market capitalization of $15.03 billion, a PE ratio of 27.28 and a beta of 1.39. The firm has a 50-day moving average of $303.31 and a two-hundred day moving average of $263.14.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating 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 company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.17 billion. During the same period in the prior year, the firm earned $2.55 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

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.