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

Jones Lang LaSalle Incorporated (NYSE:JLLGet Rating) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $274.60.

A number of analysts have commented on JLL shares. Zacks Investment Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating and set a $284.00 target price on the stock. in a research report on Tuesday, January 4th. Raymond James boosted their target price on Jones Lang LaSalle from $302.00 to $318.00 and gave the stock an “outperform” rating in a research report on Friday, January 21st. The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Tuesday, April 5th. They set a “sell” rating and a $217.00 target price on the stock. StockNews.com downgraded Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 8th. Finally, Wolfe Research decreased their target price on Jones Lang LaSalle from $461.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, March 10th.

Shares of JLL stock opened at $224.21 on Friday. The business’s fifty day moving average price is $232.68 and its 200 day moving average price is $248.25. Jones Lang LaSalle has a 1-year low of $176.42 and a 1-year high of $275.77. The firm has a market capitalization of $11.18 billion, a PE ratio of 12.11, a P/E/G ratio of 1.28 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.70.

Jones Lang LaSalle (NYSE:JLLGet Rating) last announced its quarterly earnings data on Monday, February 28th. The financial services provider reported $8.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.68 by $1.98. Jones Lang LaSalle had a return on equity of 16.91% and a net margin of 4.97%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the company posted $5.29 earnings per share. Jones Lang LaSalle’s quarterly revenue was up 31.2% on a year-over-year basis. Equities research analysts expect that Jones Lang LaSalle will post 19.48 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of Jones Lang LaSalle by 58.6% in the first quarter. Truist Financial Corp now owns 15,850 shares of the financial services provider’s stock valued at $3,795,000 after acquiring an additional 5,855 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Jones Lang LaSalle by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the financial services provider’s stock valued at $3,067,000 after purchasing an additional 200 shares during the last quarter. Tributary Capital Management LLC increased its stake in Jones Lang LaSalle by 10.6% in the first quarter. Tributary Capital Management LLC now owns 1,418 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 136 shares during the last quarter. Hotaling Investment Management LLC increased its stake in Jones Lang LaSalle by 412.7% in the first quarter. Hotaling Investment Management LLC now owns 5,732 shares of the financial services provider’s stock valued at $1,373,000 after purchasing an additional 4,614 shares during the last quarter. Finally, Strs Ohio increased its stake in Jones Lang LaSalle by 12.6% in the first quarter. Strs Ohio now owns 7,376 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 826 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Jones Lang LaSalle (Get Rating)

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services.

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