Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $271.50 Average PT from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $271.50.

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

Jones Lang LaSalle Price Performance

NYSE JLL opened at $278.73 on Friday. The company has a market cap of $13.22 billion, a PE ratio of 28.21 and a beta of 1.34. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $267.94 and its two-hundred day simple moving average is $241.56. Jones Lang LaSalle has a 52 week low of $159.52 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share 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 analyst estimates of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. Jones Lang LaSalle’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. Research analysts predict that Jones Lang LaSalle will post 13.37 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. American Trust purchased a new position in Jones Lang LaSalle in the third quarter worth $208,000. Tidal Investments LLC purchased a new position in shares of Jones Lang LaSalle in the 3rd quarter worth about $218,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Jones Lang LaSalle during the 3rd quarter valued at about $146,000. Sanctuary Advisors LLC lifted its position in Jones Lang LaSalle by 19.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,809 shares of the financial services provider’s stock worth $740,000 after buying an additional 453 shares during the last quarter. Finally, TCW Group Inc. boosted its stake in Jones Lang LaSalle by 10.6% in the third quarter. TCW Group Inc. now owns 293,589 shares of the financial services provider’s stock worth $79,213,000 after buying an additional 28,084 shares in the last quarter. 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.