Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $342.14 Average Price Target from Brokerages

Jones Lang LaSalle Incorporated (NYSE:JLL) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $342.1429.

A number of brokerages have weighed in on JLL. UBS Group raised their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of Jones Lang LaSalle from $317.00 to $345.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. The Goldman Sachs Group upped their target price on shares of Jones Lang LaSalle from $361.00 to $407.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their target price on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, Barclays started coverage on shares of Jones Lang LaSalle in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $351.00 price target for the company.

Insider Buying and Selling

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 5,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $330.33, for a total value of $1,651,650.00. Following the sale, the chief executive officer directly owned 134,685 shares of the company’s stock, valued at $44,490,496.05. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 20,000 shares of company stock worth $6,609,091. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Jones Lang LaSalle

Large investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Jones Lang LaSalle during the 3rd quarter valued at about $25,000. Chilton Capital Management LLC bought a new stake in shares of Jones Lang LaSalle during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Jones Lang LaSalle by 322.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares during the period. SVB Wealth LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth approximately $38,000. Finally, Caldwell Trust Co bought a new stake in Jones Lang LaSalle during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Jones Lang LaSalle Trading Down 1.9%

NYSE JLL opened at $328.45 on Tuesday. The stock has a market cap of $15.50 billion, a P/E ratio of 25.19 and a beta of 1.44. The company’s fifty day simple moving average is $309.52 and its 200-day simple moving average is $286.93. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.13. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $340.14.

Jones Lang LaSalle (NYSE:JLL) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.26. Jones Lang LaSalle had a net margin of 2.49% and a return on equity of 11.10%. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period last year, the business earned $3.50 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Equities research analysts predict that Jones Lang LaSalle will post 16.45 EPS for the current fiscal year.

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.