Jones Lang LaSalle Incorporated (NYSE:JLL - Free Report) - Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Jones Lang LaSalle in a note issued to investors on Monday, January 13th. Zacks Research analyst R. Fatarpekar now anticipates that the financial services provider will post earnings of $13.43 per share for the year, up from their previous forecast of $13.41. The consensus estimate for Jones Lang LaSalle's current full-year earnings is $13.37 per share. Zacks Research also issued estimates for Jones Lang LaSalle's Q4 2024 earnings at $5.60 EPS, Q4 2025 earnings at $6.44 EPS, FY2025 earnings at $15.97 EPS, Q2 2026 earnings at $4.42 EPS, Q3 2026 earnings at $4.68 EPS, Q4 2026 earnings at $6.44 EPS and FY2026 earnings at $19.13 EPS.
Other research analysts have also issued reports about the company. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price target on the stock in a research report on Monday, November 25th. The Goldman Sachs Group began coverage on Jones Lang LaSalle in a research note on Friday, December 6th. They issued a "buy" rating and a $352.00 price target for the company. Keefe, Bruyette & Woods raised shares of 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 research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $301.57.
View Our Latest Stock Report on Jones Lang LaSalle
Jones Lang LaSalle Trading Up 6.4 %
JLL stock traded up $15.30 during midday trading on Wednesday, reaching $255.76. The company's stock had a trading volume of 404,223 shares, compared to its average volume of 327,257. The business's 50-day simple moving average is $262.59 and its 200-day simple moving average is $253.86. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. Jones Lang LaSalle has a 52 week low of $167.11 and a 52 week high of $288.50. The stock has a market cap of $12.13 billion, a PE ratio of 25.86 and a beta of 1.36.
Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.83. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.62 billion. During the same period in the previous year, the business posted $2.01 EPS. The company's quarterly revenue was up 14.8% compared to the same quarter last year.
Hedge Funds Weigh In On Jones Lang LaSalle
A number of large investors have recently added to or reduced their stakes in the company. Shelton Wealth Management LLC grew its holdings in shares of Jones Lang LaSalle by 10.0% during the fourth quarter. Shelton Wealth Management LLC now owns 3,035 shares of the financial services provider's stock worth $768,000 after buying an additional 275 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Jones Lang LaSalle by 48.2% during the 4th quarter. Ritholtz Wealth Management now owns 3,121 shares of the financial services provider's stock worth $790,000 after acquiring an additional 1,015 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Jones Lang LaSalle by 264.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 95,426 shares of the financial services provider's stock valued at $24,156,000 after purchasing an additional 69,273 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Jones Lang LaSalle in the fourth quarter worth $686,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in Jones Lang LaSalle by 2.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 26,103 shares of the financial services provider's stock worth $6,608,000 after purchasing an additional 576 shares during the last quarter. Institutional investors own 94.80% of the company's stock.
About Jones Lang LaSalle
(
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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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