Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $301.57 Consensus Price Target from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $301.57.

A number of brokerages have commented on JLL. JPMorgan Chase & Co. increased their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective for the company in a research report on Monday, November 25th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. 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 price objective on the stock.

Jones Lang LaSalle Trading Down 1.0 %

JLL stock opened at $252.11 on Tuesday. The business has a fifty day moving average price of $267.76 and a 200 day moving average price of $249.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a fifty-two week low of $167.11 and a fifty-two week high of $288.50. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 25.49 and a beta of 1.34.

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

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors and hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Jones Lang LaSalle during the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings in shares of Jones Lang LaSalle by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at approximately $37,000. Massmutual Trust Co. FSB ADV increased its stake in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Jones Lang LaSalle in the second quarter valued at approximately $34,000. Institutional investors and hedge funds 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.