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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $328.5714.

Several equities analysts have recently commented on JLL shares. The Goldman Sachs Group boosted their target price on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. JMP Securities started coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They issued a “market perform” rating for the company. Wall Street Zen upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Keefe, Bruyette & Woods upped their price objective on shares of Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Citizens Jmp initiated coverage on shares of Jones Lang LaSalle in a research report on Monday, July 21st. They set a “market perform” rating for the company.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors have recently added to or reduced their stakes in JLL. Tidal Investments LLC increased its stake in shares of Jones Lang LaSalle by 4.7% during the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider’s stock valued at $214,000 after buying an additional 38 shares during the period. Southeast Asset Advisors LLC grew its stake in Jones Lang LaSalle by 0.7% in the second quarter. Southeast Asset Advisors LLC now owns 5,530 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 39 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Jones Lang LaSalle by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,376 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 47 shares during the last quarter. GAMMA Investing LLC grew its stake in Jones Lang LaSalle by 6.0% in the second quarter. GAMMA Investing LLC now owns 908 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 51 shares during the last quarter. Finally, CWC Advisors LLC. grew its stake in Jones Lang LaSalle by 2.9% in the second quarter. CWC Advisors LLC. now owns 2,195 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 61 shares during the last quarter. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Price Performance

Shares of NYSE: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. The stock has a market capitalization of $14.20 billion, a PE ratio of 25.78 and a beta of 1.41. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 12 month low of $194.36 and a 12 month high of $322.36.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating the consensus estimate of $3.20 by $0.10. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.17 billion. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.55 EPS. On average, equities research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal 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.