Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Rating of “Buy” from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $309.00.

A number of equities research analysts recently commented on the company. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Wolfe Research upgraded shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently bought and sold shares of JLL. Private Trust Co. NA raised its holdings in shares of Jones Lang LaSalle by 112.0% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Jones Lang LaSalle during the 3rd quarter worth about $34,000. R Squared Ltd purchased a new stake in Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. raised its stake in shares of Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 51 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Price Performance

JLL stock opened at $250.29 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 22.17 and a beta of 1.36. The firm has a 50 day moving average price of $266.64 and a 200-day moving average price of $264.73. Jones Lang LaSalle has a 52-week low of $171.45 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.76 by $0.39. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. Jones Lang LaSalle’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.23 EPS. Equities research analysts forecast that Jones Lang LaSalle will post 16.45 EPS 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.