Analysts Set Jones Lang LaSalle Incorporated (NYSE:JLL) PT at $301.57

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $301.57.

Several brokerages recently issued reports on JLL. Keefe, Bruyette & Woods raised Jones Lang LaSalle from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $292.00 to $325.00 in a report on Tuesday, December 10th. StockNews.com upgraded shares of Jones Lang LaSalle from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 13th. Wolfe Research raised Jones Lang LaSalle from a “peer perform” rating to an “outperform” rating and set a $353.00 target price on the stock in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their price target on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group started coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They set a “buy” rating and a $352.00 price objective for the company.

Jones Lang LaSalle Trading Up 0.0 %

Shares of Jones Lang LaSalle stock opened at $252.18 on Tuesday. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 25.50 and a beta of 1.34. Jones Lang LaSalle has a 12-month low of $167.11 and a 12-month high of $288.50. The company has a fifty day simple moving average of $267.76 and a 200-day simple moving average of $250.35. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16.

Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.83. The company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. On average, equities analysts forecast that Jones Lang LaSalle will post 13.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Jones Lang LaSalle by 42.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 34,379 shares of the financial services provider’s stock valued at $9,276,000 after acquiring an additional 10,186 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Jones Lang LaSalle in the third quarter valued at about $4,276,000. Lord Abbett & CO. LLC purchased a new stake in shares of Jones Lang LaSalle during the 3rd quarter valued at about $24,283,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Jones Lang LaSalle by 29.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,635 shares of the financial services provider’s stock worth $2,869,000 after acquiring an additional 2,430 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Jones Lang LaSalle in the third quarter valued at approximately $719,000. Institutional investors and hedge funds 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.