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

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $305.00.

Several research firms have issued reports on JLL. UBS Group cut their price target on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. cut their price target on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Wall Street Zen lowered shares of Jones Lang LaSalle from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods cut their price target on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Finally, Citigroup cut their price target on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $240.50 on Tuesday. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 21.30 and a beta of 1.31. The company’s 50 day moving average is $225.46 and its 200 day moving average is $248.28. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. Jones Lang LaSalle has a 52-week low of $194.36 and a 52-week high of $288.50.

Jones Lang LaSalle (NYSE:JLL) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.29. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. Jones Lang LaSalle’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $1.78 earnings per share. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

Large investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. lifted its position in Jones Lang LaSalle by 11.9% during the first quarter. EdgePoint Investment Group Inc. now owns 1,835,344 shares of the financial services provider’s stock valued at $455,000,000 after purchasing an additional 195,818 shares during the period. Select Equity Group L.P. lifted its position in Jones Lang LaSalle by 50.7% during the first quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider’s stock valued at $263,298,000 after purchasing an additional 357,469 shares during the period. Invesco Ltd. lifted its position in Jones Lang LaSalle by 1.8% during the first quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider’s stock valued at $238,479,000 after purchasing an additional 17,336 shares during the period. Geode Capital Management LLC lifted its position in Jones Lang LaSalle by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 934,958 shares of the financial services provider’s stock valued at $240,190,000 after purchasing an additional 41,331 shares during the period. Finally, Norges Bank acquired a new position in Jones Lang LaSalle during the fourth quarter valued at $149,468,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

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.