Jones Lang LaSalle Incorporated (NYSE:JLL) Given Average Rating of “Moderate Buy” by Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $246.80.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Jones Lang LaSalle from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $240.00 to $250.00 and gave the company a “market perform” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Friday, September 13th. UBS Group raised their price objective on shares of Jones Lang LaSalle from $225.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Raymond James raised their price target on shares of Jones Lang LaSalle from $246.00 to $268.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th.

Jones Lang LaSalle Stock Up 2.4 %

JLL stock opened at $263.36 on Friday. The stock has a market capitalization of $12.53 billion, a P/E ratio of 42.32 and a beta of 1.37. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.31. Jones Lang LaSalle has a 12 month low of $119.46 and a 12 month high of $265.63. The firm has a 50-day moving average price of $244.22 and a 200-day moving average price of $211.60.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.25. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Jones Lang LaSalle had a net margin of 1.76% and a return on equity of 8.03%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. As a group, equities research analysts anticipate that Jones Lang LaSalle will post 12.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $30,000. Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle during the 2nd quarter worth approximately $34,000. Atlas Capital Advisors LLC acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $35,000. Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle during the 1st quarter worth approximately $38,000. Finally, Mather Group LLC. grew its position in shares of Jones Lang LaSalle by 446.9% during the 2nd quarter. Mather Group LLC. now owns 268 shares of the financial services provider’s stock worth $52,000 after buying an additional 219 shares during the period. Institutional investors own 94.80% of the company’s stock.

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.