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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have received an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $301.57.

A number of research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Jones Lang LaSalle by 42.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock worth $9,276,000 after purchasing an additional 10,186 shares during the period. Dorsey Wright & Associates purchased a new position in Jones Lang LaSalle during the third quarter worth $4,276,000. Lord Abbett & CO. LLC bought a new position in Jones Lang LaSalle during the third quarter valued at $24,283,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Jones Lang LaSalle by 29.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock valued at $2,869,000 after acquiring an additional 2,430 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $719,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $254.78 on Tuesday. The business’s fifty day moving average is $268.05 and its 200 day moving average is $249.28. Jones Lang LaSalle has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $12.09 billion, a PE ratio of 25.76 and a beta of 1.34.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. During the same period in the prior year, the firm posted $2.01 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Sell-side analysts predict that Jones Lang LaSalle will post 13.37 earnings per share for the current year.

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.