Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $271.50 Consensus Target Price from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given an average recommendation of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $271.50.

A number of research firms have commented on JLL. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday, November 25th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th.

Jones Lang LaSalle Trading Up 0.2 %

NYSE JLL opened at $278.73 on Friday. The firm has a market cap of $13.22 billion, a PE ratio of 28.21 and a beta of 1.34. Jones Lang LaSalle has a 1-year low of $159.52 and a 1-year high of $288.50. The stock has a 50-day moving average of $267.94 and a 200-day moving average of $241.56. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle will post 13.37 EPS for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in JLL. Huntington National Bank increased its stake in shares of Jones Lang LaSalle by 22.9% in the 3rd quarter. Huntington National Bank now owns 204 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 38 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Jones Lang LaSalle by 37.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Jones Lang LaSalle by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,375 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 47 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Jones Lang LaSalle by 3.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,625 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 49 shares in the last quarter. Finally, First Bank & Trust increased its position in Jones Lang LaSalle by 2.5% during the 3rd quarter. First Bank & Trust now owns 2,251 shares of the financial services provider’s stock valued at $607,000 after buying an additional 54 shares in the last quarter. 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.