Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $214.00.

Several brokerages recently commented on JLL. Jefferies Financial Group started coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They set a “buy” rating and a $246.00 price objective on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Jones Lang LaSalle in a research report on Tuesday, April 9th. Raymond James raised Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $218.00 to $246.00 in a research report on Wednesday, April 3rd. TheStreet raised Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $190.00 to $200.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th.

View Our Latest Research Report on JLL

Jones Lang LaSalle Price Performance

Shares of JLL opened at $206.20 on Monday. Jones Lang LaSalle has a fifty-two week low of $119.46 and a fifty-two week high of $209.79. The firm’s 50-day simple moving average is $188.21 and its two-hundred day simple moving average is $178.05. The stock has a market cap of $9.81 billion, a PE ratio of 33.15 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.35 and a current ratio of 2.35.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The financial services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.93. Jones Lang LaSalle had a return on equity of 6.55% and a net margin of 1.42%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts anticipate that Jones Lang LaSalle will post 12.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth $30,000. Atlas Capital Advisors LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth $35,000. Riverview Trust Co bought a new position in Jones Lang LaSalle in the 1st quarter worth $38,000. Bruce G. Allen Investments LLC bought a new position in Jones Lang LaSalle in the 4th quarter worth $47,000. Finally, LRI Investments LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth $58,000. Institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Company Profile

(Get Free Report

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.

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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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