Jones Lang LaSalle (NYSE:JLL) Sets New 12-Month High – Should You Buy?

Jones Lang LaSalle Incorporated (NYSE:JLL)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $358.12 and last traded at $355.8440, with a volume of 431 shares trading hands. The stock had previously closed at $354.58.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JLL. Keefe, Bruyette & Woods boosted their price objective on shares of Jones Lang LaSalle from $390.00 to $405.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. UBS Group boosted their price target on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a report on Friday, October 10th. The Goldman Sachs Group lifted their price objective on Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jones Lang LaSalle in a research note on Wednesday, October 8th. Finally, Barclays started coverage on Jones Lang LaSalle in a research note on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $350.71.

Jones Lang LaSalle Trading Up 1.0%

The company has a market capitalization of $16.90 billion, a PE ratio of 27.39 and a beta of 1.42. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm’s 50 day simple moving average is $333.12 and its 200-day simple moving average is $306.04.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.26. The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Jones Lang LaSalle had a return on equity of 11.10% and a net margin of 2.49%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, equities research analysts anticipate that Jones Lang LaSalle Incorporated will post 16.45 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total transaction of $1,651,650.00. Following the completion of the sale, the chief executive officer directly owned 134,685 shares in the company, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 20,000 shares of company stock valued at $6,609,091. Corporate insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently made changes to their positions in JLL. Sunbelt Securities Inc. acquired a new stake in Jones Lang LaSalle in the third quarter valued at $25,000. Chilton Capital Management LLC bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter worth about $26,000. Caldwell Trust Co bought a new position in shares of Jones Lang LaSalle during the second quarter worth about $38,000. Quent Capital LLC acquired a new position in Jones Lang LaSalle in the third quarter worth about $41,000. Finally, Root Financial Partners LLC bought a new stake in Jones Lang LaSalle in the third quarter valued at about $44,000. 94.80% of the stock is currently owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

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.