Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have earned a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $218.00.
Separately, Zacks Investment Research downgraded shares of Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $268.00 target price on the stock. in a report on Tuesday, October 5th.
JLL stock traded down $1.44 during mid-day trading on Thursday, hitting $254.95. The company had a trading volume of 3,662 shares, compared to its average volume of 360,319. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.70 and a beta of 1.39. Jones Lang LaSalle has a 12-month low of $101.39 and a 12-month high of $260.76. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $245.39 and a 200 day moving average price of $213.72.
A number of large investors have recently modified their holdings of JLL. Koshinski Asset Management Inc. bought a new position in Jones Lang LaSalle during the 3rd quarter valued at about $27,000. FFT Wealth Management LLC bought a new position in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Tobam bought a new position in Jones Lang LaSalle in the 2nd quarter worth about $38,000. Harvest Fund Management Co. Ltd grew its stake in Jones Lang LaSalle by 198.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 257 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 171 shares in the last quarter. Finally, Ameritas Investment Company LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth about $55,000. Institutional investors own 94.83% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle, Inc engages in the provision of professional services which specializes in real estate and investment management. It operates through the following geographic segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provides leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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