Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $214.00.

Several equities analysts have weighed in on the company. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Jefferies Financial Group began coverage on Jones Lang LaSalle in a research note on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price target on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. TheStreet upgraded Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 16th.

View Our Latest Research Report on Jones Lang LaSalle

Jones Lang LaSalle Stock Performance

NYSE:JLL opened at $199.08 on Friday. The stock has a market cap of $9.47 billion, a P/E ratio of 32.01 and a beta of 1.40. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $191.00 and a 200 day simple moving average of $182.56. Jones Lang LaSalle has a 1-year low of $119.46 and a 1-year high of $209.79.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.93. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. Research analysts anticipate that Jones Lang LaSalle will post 12.22 earnings per share for the current year.

Institutional Investors Weigh In On Jones Lang LaSalle

Institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D grew its position in shares of Jones Lang LaSalle by 10.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 26,900 shares of the financial services provider’s stock valued at $3,798,000 after buying an additional 2,441 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jones Lang LaSalle by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,426,954 shares of the financial services provider’s stock valued at $269,512,000 after purchasing an additional 142,887 shares during the period. Equity Investment Corp lifted its stake in shares of Jones Lang LaSalle by 2.9% in the 4th quarter. Equity Investment Corp now owns 418,115 shares of the financial services provider’s stock valued at $78,969,000 after purchasing an additional 11,785 shares during the period. Bamco Inc. NY lifted its stake in shares of Jones Lang LaSalle by 11.4% in the 3rd quarter. Bamco Inc. NY now owns 238,655 shares of the financial services provider’s stock valued at $33,693,000 after purchasing an additional 24,487 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Jones Lang LaSalle in the 4th quarter valued at about $5,148,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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