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

Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $206.00.

JLL has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 price objective on the stock. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Raymond James raised shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $218.00 to $246.00 in a research note on Wednesday, April 3rd. Wolfe Research reissued a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $29,000. Rise Advisors LLC purchased a new position in shares of Jones Lang LaSalle in the 1st quarter worth about $30,000. Exchange Traded Concepts LLC grew its position in Jones Lang LaSalle by 78.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 218 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 96 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Jones Lang LaSalle in the first quarter worth approximately $35,000. Finally, Covestor Ltd grew its holdings in shares of Jones Lang LaSalle by 61.3% during the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Down 0.3 %

JLL opened at $173.57 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.22. Jones Lang LaSalle has a 12 month low of $119.46 and a 12 month high of $200.14. The company has a market cap of $8.24 billion, a PE ratio of 37.25 and a beta of 1.42. The company has a 50 day moving average of $186.66 and a 200 day moving average of $168.82.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $4.23 EPS for the quarter, beating the consensus estimate of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter in the previous year, the company earned $4.36 earnings per share. Jones Lang LaSalle’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts expect that Jones Lang LaSalle will post 11.98 EPS for the current 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.