Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $235.33.

A number of research analysts have issued reports on JLL shares. UBS Group upped their target price on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Raymond James increased their price objective on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st.

Jones Lang LaSalle Stock Performance

Shares of Jones Lang LaSalle stock opened at $243.37 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a 50 day simple moving average of $224.58 and a 200 day simple moving average of $201.41. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $254.67. The firm has a market cap of $11.57 billion, a P/E ratio of 39.13 and a beta of 1.38.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Sell-side analysts predict that Jones Lang LaSalle will post 12.4 earnings per share for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in Jones Lang LaSalle in the first quarter valued at approximately $30,000. Innealta Capital LLC bought a new stake in Jones Lang LaSalle in the 2nd quarter valued at $34,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter worth $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $38,000. Finally, Mather Group LLC. lifted its holdings in shares of Jones Lang LaSalle by 446.9% in the second quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 94.80% of the company’s stock.

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.