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

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have been given an average recommendation of "Buy" by the seven ratings firms that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $301.57.

JLL has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Jones Lang LaSalle from $263.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Wolfe Research upgraded Jones Lang LaSalle from a "peer perform" rating to an "outperform" rating and set a $353.00 price objective for the company in a research note on Monday, November 25th. The Goldman Sachs Group initiated coverage on Jones Lang LaSalle in a research report on Friday, December 6th. They issued a "buy" rating and a $352.00 target price on the stock. Finally, Keefe, Bruyette & Woods raised Jones Lang LaSalle from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $292.00 to $325.00 in a research note on Tuesday, December 10th.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Jones Lang LaSalle by 15.0% during the 3rd quarter. FMR LLC now owns 3,530,720 shares of the financial services provider's stock worth $952,624,000 after acquiring an additional 459,466 shares during the period. SG Americas Securities LLC increased its position in Jones Lang LaSalle by 7,967.8% during the fourth quarter. SG Americas Securities LLC now owns 279,065 shares of the financial services provider's stock worth $70,643,000 after purchasing an additional 275,606 shares during the last quarter. Select Equity Group L.P. purchased a new position in Jones Lang LaSalle during the second quarter worth about $55,152,000. International Assets Investment Management LLC grew its stake in shares of Jones Lang LaSalle by 167,988.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,237 shares of the financial services provider's stock valued at $39,456,000 after buying an additional 146,150 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in shares of Jones Lang LaSalle by 43.0% during the 3rd quarter. Artemis Investment Management LLP now owns 331,514 shares of the financial services provider's stock worth $89,446,000 after buying an additional 99,613 shares during the last quarter. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Trading Up 0.8 %

Jones Lang LaSalle stock opened at $261.62 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.16. The firm has a market cap of $12.41 billion, a PE ratio of 26.45 and a beta of 1.36. The stock's 50 day simple moving average is $262.20 and its two-hundred day simple moving average is $254.35. Jones Lang LaSalle has a 12 month low of $168.13 and a 12 month high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results 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. The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.62 billion. Jones Lang LaSalle had a return on equity of 8.95% and a net margin of 2.12%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.01 EPS. Analysts anticipate that Jones Lang LaSalle will post 13.6 earnings per share for the current 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.