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

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $427.60.

A number of brokerages have commented on JLL. Wall Street Zen cut shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Citigroup reiterated a “market perform” rating on shares of Jones Lang LaSalle in a report on Thursday, September 17th. Finally, Barclays increased 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.

Insiders Place Their Bets

In other news, CEO Christian Ulbrich sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $385.53, for a total transaction of $771,060.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock worth $2,271,060 in the last quarter. Insiders own 0.91% of the company’s stock.

Institutional Trading of Jones Lang LaSalle

A number of large investors have recently bought and sold shares of JLL. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Jones Lang LaSalle during the second quarter worth approximately $34,000. Reyes Financial Architecture Inc. acquired a new stake in Jones Lang LaSalle in the third quarter worth about $35,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Jones Lang LaSalle during the 3rd quarter worth approximately $38,000. Finally, Rakuten Securities Inc. purchased a new stake in Jones Lang LaSalle during the second quarter worth about $63,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Trading Down 0.1%

JLL opened at $359.53 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.43 and a current ratio of 2.43. The stock’s 50 day moving average price is $331.39 and its 200-day moving average price is $324.51. Jones Lang LaSalle has a one year low of $259.83 and a one year high of $393.84. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.76 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the firm earned $4.50 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Jones Lang LaSalle will post 25.16 EPS for the current year.

Jones Lang LaSalle Company Profile

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.