Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $271.50 Average Target Price from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $271.50.

JLL has been the topic of several research analyst reports. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a report on Monday, November 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th.

Jones Lang LaSalle Trading Down 0.6 %

Shares of JLL stock opened at $280.60 on Friday. The company has a 50-day moving average of $267.69 and a two-hundred day moving average of $240.83. The firm has a market cap of $13.31 billion, a PE ratio of 28.37 and a beta of 1.37. Jones Lang LaSalle has a 1-year low of $154.43 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter last year, the firm earned $2.01 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Jones Lang LaSalle will post 13.17 EPS for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at about $34,000. Brooklyn Investment Group purchased a new position in Jones Lang LaSalle in the third quarter valued at approximately $34,000. UMB Bank n.a. raised its holdings in Jones Lang LaSalle by 350.0% during the third quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $37,000. Finally, Massmutual Trust Co. FSB ADV boosted 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 valued at $39,000 after buying an additional 39 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.