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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $301.57.

A number of equities analysts recently weighed in on JLL shares. The Goldman Sachs Group initiated coverage on shares of Jones Lang LaSalle in a report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company 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 increased their price objective for the company from $292.00 to $325.00 in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th.

Institutional Trading of Jones Lang LaSalle

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after purchasing an additional 10,186 shares during the period. Dorsey Wright & Associates bought a new stake in Jones Lang LaSalle during the third quarter valued at approximately $4,276,000. Diversified Trust Co purchased a new stake in Jones Lang LaSalle during the fourth quarter valued at approximately $567,000. Private Client Services LLC bought a new position in Jones Lang LaSalle in the fourth quarter worth approximately $1,817,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Jones Lang LaSalle by 39.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,705 shares of the financial services provider’s stock worth $53,073,000 after acquiring an additional 55,322 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $261.62 on Friday. The business has a fifty day moving average price of $262.20 and a 200-day moving average price of $254.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $12.41 billion, a PE ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle has a 1-year low of $168.13 and a 1-year high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $2.01 EPS. As a group, equities analysts expect that Jones Lang LaSalle will post 13.6 EPS for the current fiscal 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.