Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $246.80.

A number of equities analysts have recently commented on JLL shares. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Raymond James lifted their target price on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of large investors have recently bought and sold shares of JLL. SG Americas Securities LLC increased its position in Jones Lang LaSalle by 368.4% during the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after purchasing an additional 16,521 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Jones Lang LaSalle by 433.3% in the second quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after buying an additional 9,381 shares during the period. BDF Gestion purchased a new position in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $3,550,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jones Lang LaSalle in the 1st quarter worth approximately $1,715,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Jones Lang LaSalle by 782.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,113 shares of the financial services provider’s stock valued at $1,871,000 after buying an additional 8,080 shares during the period. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Trading Down 2.2 %

NYSE:JLL opened at $265.00 on Monday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 33.46 and a beta of 1.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The firm has a 50-day moving average price of $261.44 and a two-hundred day moving average price of $229.03. Jones Lang LaSalle has a 52 week low of $129.57 and a 52 week high of $280.48.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, equities analysts expect that Jones Lang LaSalle will post 12.59 earnings per share 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.