Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $301.57 Average Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $301.57.

A number of research firms recently weighed in on JLL. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a report on Monday, November 25th.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $261.62 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market cap of $12.41 billion, a PE ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle has a 1 year low of $168.13 and a 1 year high of $288.50. The stock’s fifty day moving average price is $261.97 and its two-hundred day moving average price is $255.43.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating the consensus estimate of $2.67 by $0.83. The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle will post 13.6 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Several hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $34,000. UMB Bank n.a. boosted its stake in Jones Lang LaSalle by 350.0% in the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after buying an additional 105 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle during the third quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Jones Lang LaSalle by 37.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

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.