Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Rating of "Buy" from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has earned an average rating of "Buy" from the seven brokerages that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $309.00.

Several equities analysts recently issued reports on JLL shares. Raymond James boosted their price target on Jones Lang LaSalle from $317.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $292.00 to $325.00 in a research note on Tuesday, December 10th. StockNews.com raised shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, December 16th.

Jones Lang LaSalle Stock Performance

NYSE JLL traded down $5.80 on Thursday, reaching $213.78. The stock had a trading volume of 560,942 shares, compared to its average volume of 307,824. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00. The stock has a market cap of $10.13 billion, a P/E ratio of 18.94 and a beta of 1.22. The business's 50-day moving average price is $262.28 and its 200 day moving average price is $263.82. Jones Lang LaSalle has a 12-month low of $171.45 and a 12-month high of $288.50.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.76 by $0.39. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period last year, the firm posted $4.23 EPS. Jones Lang LaSalle's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts expect that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Private Trust Co. NA boosted its position in Jones Lang LaSalle by 112.0% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. R Squared Ltd acquired a new stake in Jones Lang LaSalle during the 4th quarter worth approximately $35,000. Principal Securities Inc. raised its stake in shares of Jones Lang LaSalle by 166.7% in the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Jones Lang LaSalle by 35.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after purchasing an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its position in Jones Lang LaSalle by 52.9% during the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock worth $53,000 after acquiring an additional 72 shares in the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

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.