Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Rating of “Buy” from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $271.50.

Several research firms have recently issued reports on JLL. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. StockNews.com upgraded Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Finally, Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 price target for the company in a research report on Monday.

Jones Lang LaSalle Price Performance

Shares of NYSE JLL opened at $282.22 on Friday. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 28.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.29 and a current ratio of 2.29. Jones Lang LaSalle has a fifty-two week low of $153.26 and a fifty-two week high of $288.50. The firm’s 50-day simple moving average is $266.95 and its 200 day simple moving average is $239.63.

Jones Lang LaSalle (NYSE:JLL) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the company earned $2.01 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, research analysts anticipate that Jones Lang LaSalle will post 13.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Hedge funds have recently modified their holdings of the stock. FMR LLC boosted its position in Jones Lang LaSalle by 15.0% during the third quarter. FMR LLC now owns 3,530,720 shares of the financial services provider’s stock worth $952,624,000 after purchasing an additional 459,466 shares during the period. Select Equity Group L.P. bought a new position in Jones Lang LaSalle in the 2nd quarter worth approximately $55,152,000. Massachusetts Financial Services Co. MA grew its stake in Jones Lang LaSalle by 20.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,049,392 shares of the financial services provider’s stock valued at $215,419,000 after buying an additional 181,246 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Jones Lang LaSalle by 167,988.5% during the third quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider’s stock worth $39,456,000 after acquiring an additional 146,150 shares in the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 73.0% in the second quarter. TCW Group Inc. now owns 265,505 shares of the financial services provider’s stock worth $54,503,000 after acquiring an additional 112,041 shares during the period. Institutional investors own 94.80% of the company’s stock.

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.