Research Analysts Offer Predictions for Jones Lang LaSalle Inc.’s Q1 2017 Earnings (JLL)
Jones Lang LaSalle Inc. (NYSE:JLL) – Research analysts at Wedbush dropped their Q1 2017 earnings per share estimates for shares of Jones Lang LaSalle in a research report issued on Monday. Wedbush analyst J. Weaver now anticipates that the brokerage will post earnings per share of $0.73 for the quarter, down from their prior estimate of $1.08. Wedbush has a “Neutral” rating and a $126.00 price objective on the stock. Wedbush also issued estimates for Jones Lang LaSalle’s FY2017 earnings at $9.83 EPS.
Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Jones Lang LaSalle from a “sell” rating to a “hold” rating in a report on Monday, September 12th. TheStreet raised shares of Jones Lang LaSalle from a “hold” rating to a “buy” rating in a report on Thursday, August 18th. Barclays PLC lowered their target price on shares of Jones Lang LaSalle from $136.00 to $132.00 and set an “overweight” rating on the stock in a report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Jones Lang LaSalle from $124.00 to $129.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $145.33.
Jones Lang LaSalle (NYSE:JLL) traded up 1.73% during trading on Wednesday, hitting $102.92. 203,913 shares of the company traded hands. The company’s 50 day moving average is $111.82 and its 200-day moving average is $112.50. The stock has a market capitalization of $4.65 billion, a PE ratio of 11.39 and a beta of 1.85. Jones Lang LaSalle has a 52 week low of $90.07 and a 52 week high of $171.63.
Jones Lang LaSalle (NYSE:JLL) last released its earnings results on Tuesday, August 2nd. The company reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.09. Jones Lang LaSalle had a net margin of 6.50% and a return on equity of 16.44%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $2.05 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Jones Lang LaSalle by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,414,107 shares of the company’s stock worth $332,705,000 after buying an additional 107,542 shares during the period. Generation Investment Management LLP boosted its position in Jones Lang LaSalle by 87.3% in the second quarter. Generation Investment Management LLP now owns 2,212,726 shares of the company’s stock worth $215,630,000 after buying an additional 1,031,500 shares during the period. BlackRock Fund Advisors boosted its position in Jones Lang LaSalle by 4.5% in the second quarter. BlackRock Fund Advisors now owns 1,891,510 shares of the company’s stock worth $184,328,000 after buying an additional 82,203 shares during the period. State Street Corp boosted its position in Jones Lang LaSalle by 2.3% in the first quarter. State Street Corp now owns 1,421,197 shares of the company’s stock worth $166,728,000 after buying an additional 32,170 shares during the period. Finally, Harris Associates L P boosted its position in Jones Lang LaSalle by 81.0% in the second quarter. Harris Associates L P now owns 1,334,805 shares of the company’s stock worth $130,076,000 after buying an additional 597,310 shares during the period. Institutional investors and hedge funds own 88.36% of the company’s stock.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $115.00, for a total transaction of $115,000.00. Following the transaction, the director now owns 50,416 shares in the company, valued at $5,797,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.68% of the company’s stock.
About Jones Lang LaSalle
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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