Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $246.80 Consensus Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $246.80.

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

Jones Lang LaSalle Stock Down 0.7 %

NYSE:JLL opened at $267.20 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $255.71 and a 200-day moving average of $222.28. The firm has a market capitalization of $12.71 billion, a PE ratio of 42.96 and a beta of 1.37. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $273.82.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the business earned $0.50 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. Analysts predict that Jones Lang LaSalle will post 12.54 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Swedbank AB acquired a new stake in Jones Lang LaSalle in the 1st quarter valued at about $97,018,000. EdgePoint Investment Group Inc. lifted its stake in Jones Lang LaSalle by 27.3% during the first quarter. EdgePoint Investment Group Inc. now owns 2,072,046 shares of the financial services provider’s stock valued at $404,235,000 after purchasing an additional 443,992 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Jones Lang LaSalle by 84.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 589,128 shares of the financial services provider’s stock worth $111,270,000 after buying an additional 270,404 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Jones Lang LaSalle in the second quarter valued at $55,152,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Jones Lang LaSalle by 20.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after acquiring an additional 181,246 shares during the last quarter. 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.