Jones Lang LaSalle (NYSE:JLL) Issues Quarterly Earnings Results, Beats Expectations By $0.39 EPS

Jones Lang LaSalle (NYSE:JLL) announced its earnings results on Wednesday. The financial services provider reported $6.15 earnings per share for the quarter, beating the consensus estimate of $5.76 by $0.39, Zacks reports. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%.

Jones Lang LaSalle Trading Down 2.6 %

JLL stock opened at $274.54 on Wednesday. The business has a fifty day moving average price of $265.23 and a 200 day moving average price of $262.50. Jones Lang LaSalle has a fifty-two week low of $171.45 and a fifty-two week high of $288.50. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 27.88 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29.

Analyst Upgrades and Downgrades

JLL has been the subject of several recent analyst reports. Raymond James increased their target price on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a “strong-buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They set a “buy” rating and a $352.00 target price for the company. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th. Wolfe Research upgraded Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price for the company in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $309.00.

About Jones Lang LaSalle

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.