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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $301.57.

A number of brokerages have issued reports on JLL. Wolfe Research upgraded 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 note on Monday, November 25th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Keefe, Bruyette & Woods raised shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $292.00 to $325.00 in a report on Tuesday, December 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Jones Lang LaSalle by 46.7% during the 2nd quarter. American Century Companies Inc. now owns 39,976 shares of the financial services provider’s stock valued at $8,206,000 after acquiring an additional 12,732 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Jones Lang LaSalle by 48.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,694 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 1,199 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Jones Lang LaSalle by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,387 shares of the financial services provider’s stock worth $18,760,000 after buying an additional 2,942 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Jones Lang LaSalle by 2.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,462 shares of the financial services provider’s stock worth $1,121,000 after buying an additional 137 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Jones Lang LaSalle by 12.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,453 shares of the financial services provider’s stock valued at $1,530,000 after buying an additional 832 shares in the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.8 %

JLL stock opened at $261.62 on Friday. The business’s 50-day moving average price is $262.20 and its 200-day moving average price is $254.35. The stock has a market cap of $12.41 billion, a P/E ratio of 26.45 and a beta of 1.36. Jones Lang LaSalle has a twelve month low of $168.13 and a twelve month high of $288.50. The company has a quick ratio of 2.29, a current 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.83. The business 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 company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.01 earnings per share. On average, equities research analysts forecast that Jones Lang LaSalle will post 13.6 EPS for the current year.

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.