Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $328.5714.

JLL has been the subject of a number of analyst reports. JMP Securities initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. lifted their target price on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. The Goldman Sachs Group lifted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a report on Monday, July 21st. They set a “market perform” rating for the company.

Institutional Trading of Jones Lang LaSalle

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC raised its stake in Jones Lang LaSalle by 4.9% in the 2nd quarter. Corient Private Wealth LLC now owns 40,722 shares of the financial services provider’s stock worth $10,416,000 after purchasing an additional 1,887 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Jones Lang LaSalle by 0.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 88,934 shares of the financial services provider’s stock worth $22,748,000 after purchasing an additional 763 shares in the last quarter. Caldwell Trust Co acquired a new stake in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Osaic Holdings Inc. raised its stake in Jones Lang LaSalle by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,035 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 837 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Jones Lang LaSalle by 20.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,509 shares of the financial services provider’s stock worth $3,455,000 after purchasing an additional 2,297 shares in the last quarter. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Performance

Shares of JLL opened at $299.77 on Thursday. The firm has a 50-day moving average of $294.27 and a 200-day moving average of $256.21. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $322.36. The company has a market cap of $14.20 billion, a PE ratio of 25.78 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.35 and a quick ratio of 2.35.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter last year, the firm posted $2.55 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

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.