Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $206.00

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $206.00.

A number of equities analysts have commented on JLL shares. TheStreet upgraded shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a report on Wednesday, February 14th. Jefferies Financial Group began coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 target price for the company. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a report on Tuesday, April 9th. Raymond James upgraded Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $218.00 to $246.00 in a report on Wednesday, April 3rd. Finally, StockNews.com upgraded Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Jones Lang LaSalle Stock Performance

Shares of JLL stock opened at $179.03 on Thursday. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 38.42 and a beta of 1.42. Jones Lang LaSalle has a 52-week low of $119.46 and a 52-week high of $200.14. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $186.53 and its 200 day moving average is $169.94.

Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.53. The business had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.86 billion. Jones Lang LaSalle had a return on equity of 5.74% and a net margin of 1.09%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $4.36 EPS. On average, sell-side analysts anticipate that Jones Lang LaSalle will post 11.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of large investors have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Jones Lang LaSalle in the 1st quarter worth approximately $30,000. Atlas Capital Advisors LLC purchased a new position in shares of Jones Lang LaSalle during the first quarter worth $35,000. Riverview Trust Co acquired a new position in Jones Lang LaSalle during the first quarter valued at $38,000. Exchange Traded Concepts LLC boosted its holdings in Jones Lang LaSalle by 78.7% in the third 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. Finally, Bruce G. Allen Investments LLC acquired a new stake in Jones Lang LaSalle during the 4th quarter worth about $47,000. 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.