Jones Lang LaSalle (NYSE:JLL) Releases Earnings Results, Beats Expectations By $0.39 EPS

Jones Lang LaSalle (NYSE:JLL) announced its earnings results on Wednesday. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39, Zacks reports. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%.

Jones Lang LaSalle Stock Performance

JLL opened at $274.54 on Wednesday. The company has a market cap of $13.02 billion, a PE ratio of 27.88 and a beta of 1.36. The stock has a 50-day moving average of $265.23 and a 200-day moving average of $262.50. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29.

Analyst Ratings Changes

JLL has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price on the stock. Raymond James boosted their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised 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. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Jones Lang LaSalle has an average rating of “Buy” and an average target price of $309.00.

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.