Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) Price Target at $309.00

Jones Lang LaSalle Incorporated (NYSE:JLL) has received a consensus rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $309.00.

A number of equities research analysts have recently issued reports on JLL shares. JPMorgan Chase & Co. increased their price target on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wolfe Research raised 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 report on Monday, November 25th. StockNews.com raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Raymond James increased their price target on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group started coverage on shares of Jones Lang LaSalle in a research note on Friday, December 6th. They issued a “buy” rating and a $352.00 target price on the stock.

Jones Lang LaSalle Price Performance

NYSE JLL opened at $239.22 on Friday. The company has a market cap of $11.34 billion, a PE ratio of 21.19 and a beta of 1.36. Jones Lang LaSalle has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm’s 50-day simple moving average is $266.27 and its two-hundred day simple moving average is $264.64.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the prior year, the firm earned $4.23 earnings per share. The company’s revenue was up 15.8% compared to the same quarter last year. Research analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Trading of Jones Lang LaSalle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Jones Lang LaSalle in the 4th quarter worth about $149,468,000. FMR LLC grew its stake in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock valued at $952,624,000 after purchasing an additional 459,466 shares during the period. SG Americas Securities LLC grew its stake in shares of Jones Lang LaSalle by 7,967.8% during the 4th quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider’s stock valued at $70,643,000 after purchasing an additional 275,606 shares during the period. Marshall Wace LLP grew its stake in shares of Jones Lang LaSalle by 134.5% during the 4th quarter. Marshall Wace LLP now owns 373,207 shares of the financial services provider’s stock valued at $94,474,000 after purchasing an additional 214,087 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Jones Lang LaSalle by 146.2% during the 4th quarter. Millennium Management LLC now owns 335,451 shares of the financial services provider’s stock valued at $84,916,000 after purchasing an additional 199,197 shares during the period. Hedge funds and other institutional investors own 94.80% of the company’s stock.

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.