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

Jones Lang LaSalle Incorporated (NYSE:JLL) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $363.1667.

JLL has been the topic of several research reports. The Goldman Sachs Group upped their target price on Jones Lang LaSalle from $361.00 to $407.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings raised shares of Jones Lang LaSalle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barclays reduced their price objective on Jones Lang LaSalle from $360.00 to $355.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. UBS Group lifted their target price on Jones Lang LaSalle from $410.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $303.82 on Thursday. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 18.51 and a beta of 1.42. Jones Lang LaSalle has a 1-year low of $194.36 and a 1-year high of $363.06. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $325.26 and its 200-day simple moving average is $318.22.

Jones Lang LaSalle (NYSE:JLL) last posted its quarterly earnings results on Wednesday, February 18th. The financial services provider reported $8.71 EPS for the quarter, topping the consensus estimate of $7.25 by $1.46. Jones Lang LaSalle had a net margin of 3.03% and a return on equity of 12.50%. The business had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the company posted $6.15 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insider Activity at Jones Lang LaSalle

In other news, Director Deborah H. Mcaneny sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the sale, the director owned 14,985 shares of the company’s stock, valued at approximately $4,502,992.50. This represents a 14.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Jones Lang LaSalle during the 1st quarter worth about $546,000. Empowered Funds LLC raised its position in shares of Jones Lang LaSalle by 203.1% during the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 2,711 shares during the last quarter. ProShare Advisors LLC lifted its stake in Jones Lang LaSalle by 4.1% in the second quarter. ProShare Advisors LLC now owns 2,104 shares of the financial services provider’s stock valued at $538,000 after buying an additional 83 shares during the period. PNC Financial Services Group Inc. boosted its stake in Jones Lang LaSalle by 10.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,890 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 285 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Jones Lang LaSalle by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,198 shares of the financial services provider’s stock worth $3,120,000 after purchasing an additional 857 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.