Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $309.00 Consensus PT from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $309.00.

Several brokerages have recently issued reports on JLL. Wolfe Research raised shares of Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price objective on the stock in a research note on Monday, November 25th. StockNews.com cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Friday. Raymond James raised their target price on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, December 16th.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $249.68 on Friday. The firm’s 50 day moving average is $265.99 and its 200-day moving average is $264.51. The stock has a market capitalization of $11.83 billion, a P/E ratio of 22.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. Jones Lang LaSalle has a 12-month low of $171.45 and a 12-month high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data 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. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.23 EPS. Equities research analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Trading of Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA boosted its holdings in shares of Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 56 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Jones Lang LaSalle during the third quarter worth approximately $34,000. R Squared Ltd acquired a new stake in Jones Lang LaSalle in the fourth quarter valued at approximately $35,000. Principal Securities Inc. lifted its stake in Jones Lang LaSalle by 166.7% in the fourth quarter. Principal Securities Inc. now owns 176 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 110 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Jones Lang LaSalle by 35.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 51 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

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.