Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $235.33 Consensus PT from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $235.33.

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

Jones Lang LaSalle Stock Down 2.2 %

Shares of NYSE:JLL opened at $251.37 on Friday. The company has a market capitalization of $11.96 billion, a PE ratio of 40.56 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 has a fifty day moving average price of $242.33 and a two-hundred day moving average price of $210.87. Jones Lang LaSalle has a 1 year low of $119.46 and a 1 year high of $261.83.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.25. The firm 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 8.03% and a net margin of 1.76%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS. Analysts forecast that Jones Lang LaSalle will post 12.54 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently bought and sold shares of JLL. Victory Capital Management Inc. grew its position in Jones Lang LaSalle by 20.2% during the 4th quarter. Victory Capital Management Inc. now owns 10,223 shares of the financial services provider’s stock worth $1,931,000 after acquiring an additional 1,720 shares during the last quarter. Teacher Retirement System of Texas grew its position in Jones Lang LaSalle by 91.2% during the 4th quarter. Teacher Retirement System of Texas now owns 7,286 shares of the financial services provider’s stock worth $1,376,000 after acquiring an additional 3,475 shares during the last quarter. BNP Paribas Financial Markets grew its position in Jones Lang LaSalle by 281.5% during the 4th quarter. BNP Paribas Financial Markets now owns 40,063 shares of the financial services provider’s stock worth $7,567,000 after acquiring an additional 29,562 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Jones Lang LaSalle by 1.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,511 shares of the financial services provider’s stock worth $1,230,000 after acquiring an additional 124 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Jones Lang LaSalle in the 4th quarter worth approximately $97,222,000. 94.80% of the stock is currently owned by 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.