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

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $246.80.

Several research firms recently commented on JLL. Raymond James increased their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on Jones Lang LaSalle from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. UBS Group upped their price target on Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th.

Institutional Trading of Jones Lang LaSalle

Several institutional investors and hedge funds have recently bought and sold shares of JLL. Massmutual Trust Co. FSB ADV increased its holdings in shares of Jones Lang LaSalle by 37.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Parallel Advisors LLC increased its stake in Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock valued at $334,000 after buying an additional 49 shares during the period. Tandem Capital Management Corp ADV raised its position in Jones Lang LaSalle by 0.4% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 13,747 shares of the financial services provider’s stock worth $2,779,000 after buying an additional 55 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Jones Lang LaSalle by 4.5% in the 2nd quarter. CIBC Asset Management Inc now owns 1,328 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 57 shares during the period. Finally, CWM LLC boosted its holdings in shares of Jones Lang LaSalle by 4.0% in the third quarter. CWM LLC now owns 1,597 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

JLL stock opened at $261.08 on Thursday. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $273.82. The firm has a market capitalization of $12.42 billion, a P/E ratio of 41.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. The business’s 50-day moving average is $252.84 and its two-hundred day moving average is $219.78.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle will post 12.54 earnings per share for the current fiscal 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.