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

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $246.80.

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

Jones Lang LaSalle Trading Down 0.3 %

Shares of Jones Lang LaSalle stock opened at $262.40 on Friday. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 42.19 and a beta of 1.37. Jones Lang LaSalle has a 12-month low of $119.46 and a 12-month high of $265.63. The firm’s 50 day simple moving average is $245.88 and its two-hundred day simple moving average is $212.62. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, beating the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for 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 was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Analysts predict that Jones Lang LaSalle will post 12.54 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of Jones Lang LaSalle by 20.2% in 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 increased its position in Jones Lang LaSalle by 91.2% during the fourth quarter. Teacher Retirement System of Texas now owns 7,286 shares of the financial services provider’s stock worth $1,376,000 after purchasing an additional 3,475 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Jones Lang LaSalle by 281.5% during the fourth quarter. BNP Paribas Financial Markets now owns 40,063 shares of the financial services provider’s stock worth $7,567,000 after purchasing an additional 29,562 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Jones Lang LaSalle by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,511 shares of the financial services provider’s stock valued at $1,230,000 after purchasing an additional 124 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Jones Lang LaSalle in the 4th quarter valued at approximately $97,222,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.