Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $246.80

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $246.80.

A number of research analysts have commented on the company. UBS Group boosted their price objective 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. Raymond James upped their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. Keefe, Bruyette & Woods raised their price target on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded 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 Performance

NYSE JLL opened at $267.20 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.58 and a quick ratio of 2.58. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $273.82. The firm has a market capitalization of $12.71 billion, a P/E ratio of 42.96 and a beta of 1.37. The business’s 50-day simple moving average is $255.71 and its 200-day simple moving average is $222.28.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JLL. SG Americas Securities LLC raised its stake in shares of Jones Lang LaSalle by 368.4% in the 1st quarter. SG Americas Securities LLC now owns 21,006 shares of the financial services provider’s stock valued at $4,098,000 after purchasing an additional 16,521 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Jones Lang LaSalle by 25.5% during the 1st quarter. Retirement Systems of Alabama now owns 89,283 shares of the financial services provider’s stock worth $17,418,000 after buying an additional 18,156 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Jones Lang LaSalle by 433.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,546 shares of the financial services provider’s stock worth $2,370,000 after acquiring an additional 9,381 shares in the last quarter. BDF Gestion bought a new stake in shares of Jones Lang LaSalle in the 2nd quarter valued at approximately $3,550,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Jones Lang LaSalle during the first quarter worth $1,715,000. 94.80% of the stock is currently owned by institutional investors.

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.