Jones Lang LaSalle Inc. (JLL) Receives New Coverage from Analysts at Wedbush
Other research analysts have also recently issued research reports about the stock. TheStreet raised shares of Jones Lang LaSalle from a hold rating to a buy rating in a report on Thursday, August 18th. JMP Securities reiterated a buy rating on shares of Jones Lang LaSalle in a research report on Wednesday, June 8th. Zacks Investment Research upgraded shares of Jones Lang LaSalle from a sell rating to a hold rating in a research report on Monday, September 12th. Keefe, Bruyette & Woods upped their target price on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an outperform rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC cut their target price on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an overweight rating for the company in a research report on Thursday, August 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $145.33.
Shares of Jones Lang LaSalle (NYSE:JLL) traded down 1.452% during trading on Wednesday, hitting $108.895. The stock had a trading volume of 122,456 shares. The company’s 50 day moving average price is $114.90 and its 200 day moving average price is $113.42. Jones Lang LaSalle has a 52 week low of $90.07 and a 52 week high of $171.63. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 12.053 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.09. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Analysts predict that Jones Lang LaSalle will post $9.42 earnings per share for the current year.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the completion of the sale, the director now directly owns 50,416 shares in the company, valued at $5,797,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.
A number of hedge funds have recently bought and sold shares of JLL. Tredje AP fonden raised its stake in Jones Lang LaSalle by 566.7% in the second quarter. Tredje AP fonden now owns 1,200 shares of the company’s stock valued at $117,000 after buying an additional 1,020 shares during the last quarter. Synovus Financial Corp increased its position in shares of Jones Lang LaSalle by 0.5% in the second quarter. Synovus Financial Corp now owns 1,541 shares of the company’s stock valued at $148,000 after buying an additional 8 shares during the period. JNBA Financial Advisors purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $190,000. Tower Research Capital LLC TRC purchased a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $200,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Jones Lang LaSalle during the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
Jones Lang LaSalle Company Profile
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services firm specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. JLL provides real estate services (RES) through three business segments: the Americas, EMEA and Asia Pacific.
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