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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given an average rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $309.00.

Several research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a “buy” rating and a $352.00 price objective for the company. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a research report on Tuesday, December 10th. StockNews.com raised Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wolfe Research raised 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. Finally, JPMorgan Chase & Co. boosted their target price 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.

Jones Lang LaSalle Stock Up 2.0 %

Shares of NYSE:JLL opened at $246.20 on Friday. The firm has a market cap of $11.67 billion, a P/E ratio of 21.81 and a beta of 1.36. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle has a 12-month low of $171.45 and a 12-month high of $288.50. The business has a fifty day simple moving average of $266.28 and a 200 day simple moving average of $264.72.

Jones Lang LaSalle (NYSE:JLL) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a return on equity of 10.20% and a net margin of 2.33%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same period last year, the company earned $4.23 EPS. Jones Lang LaSalle’s revenue for the quarter was up 15.8% compared to the same quarter last year. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in Jones Lang LaSalle by 112.0% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Brooklyn Investment Group acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $34,000. R Squared Ltd acquired a new position in Jones Lang LaSalle during the 4th quarter valued at about $35,000. Principal Securities Inc. boosted its stake in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Jones Lang LaSalle by 35.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 51 shares during the last quarter. 94.80% of the stock is owned by institutional investors.

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.