Jones Lang LaSalle Incorporated (NYSE:JLL) Stock Has Consensus Target Price of $427.60

Jones Lang LaSalle Incorporated (NYSE:JLL – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $427.60.

JLL has been the subject of a number of analyst reports. Barclays raised their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the stock an “equal weight” rating in a report on Monday, August 17th. Wall Street Zen cut Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research cut Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Weiss Ratings raised shares of Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th.

Read Our Latest Report on Jones Lang LaSalle

Insider Activity at Jones Lang LaSalle

In other news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at $53,364,291.54. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,000 shares of company stock worth $2,271,060. 0.91% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Jones Lang LaSalle by 6.1% during the 3rd quarter. Brighton Jones LLC now owns 960 shares of the financial services provider’s stock valued at $293,000 after buying an additional 55 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Jones Lang LaSalle by 0.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 7,271 shares of the financial services provider’s stock worth $2,221,000 after acquiring an additional 36 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Jones Lang LaSalle by 14.6% in the 3rd quarter. Parallel Advisors LLC now owns 2,186 shares of the financial services provider’s stock worth $668,000 after acquiring an additional 279 shares in the last quarter. CenterBook Partners LP purchased a new position in Jones Lang LaSalle during the 3rd quarter valued at about $2,092,000. Finally, Heritage Family Offices LLP bought a new stake in Jones Lang LaSalle during the third quarter worth about $92,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $374.61 on Friday. The stock has a fifty day simple moving average of $330.96 and a two-hundred day simple moving average of $324.85. Jones Lang LaSalle has a 1-year low of $259.83 and a 1-year high of $393.84. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 16.21 and a beta of 1.29. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.13.

Jones Lang LaSalle (NYSE:JLL – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.76 EPS for the quarter, beating the consensus estimate of $6.15 by $0.61. Jones Lang LaSalle had a net margin of 3.89% and a return on equity of 15.05%. The business had revenue of $7.28 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm earned $4.50 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that Jones Lang LaSalle will post 25.16 earnings per share for the current year.

About Jones Lang LaSalle

(Get Free Report)

Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties.

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

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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