Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Has Consensus Target Price of $433.60 According to Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $427.60.

JLL has been the subject of a number of analyst reports. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 18th. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. Keefe, Bruyette & Woods reduced their target price on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a research note on Friday. Raymond James Financial reissued a “strong-buy” rating and issued a $500.00 target price on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Finally, Barclays raised their target price on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th.

Check Out Our Latest Analysis on JLL

Insider Buying and Selling

In related news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the sale, the chief executive officer directly owned 138,418 shares of the company’s stock, valued at $53,364,291.54. This represents a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,000 shares of company stock worth $2,271,060. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in JLL. BlackRock Inc. bought a new stake in shares of Jones Lang LaSalle during the second quarter worth $1,446,414,000. Principal Financial Group Inc. grew its holdings in shares of Jones Lang LaSalle by 279.6% in the first quarter. Principal Financial Group Inc. now owns 429,418 shares of the financial services provider’s stock worth $130,683,000 after purchasing an additional 316,299 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Jones Lang LaSalle in the second quarter worth about $87,669,000. Bank of America Corp DE purchased a new position in Jones Lang LaSalle in the 2nd quarter worth about $83,791,000. Finally, Equity Investment Corp purchased a new position in Jones Lang LaSalle in the 2nd quarter worth about $81,056,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

NYSE:JLL opened at $300.05 on Monday. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 14.38 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50 day simple moving average of $348.49 and a 200-day simple moving average of $326.35. Jones Lang LaSalle has a 1 year low of $259.83 and a 1 year high of $393.84.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.70. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%. The firm had revenue of $6.93 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts forecast that Jones Lang LaSalle will post 25.18 EPS for the current year.

About Jones Lang LaSalle

(Get Free Report)

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global commercial real estate services and investment management company headquartered in Chicago, Illinois. The company provides real estate expertise to corporate, institutional and private clients across office, industrial, retail, residential, hotel and other property sectors.

JLL’s services include leasing, property and facilities management, capital markets advisory, investment sales, valuation, development and project management, workplace consulting, and strategic real estate advice.

Further Reading

Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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