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

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has been given an average rating of "Buy" by the six brokerages that are covering the company, Marketbeat reports. Five equities research 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 brokerages that have updated their coverage on the stock in the last year is $312.50.

A number of analysts have weighed in on the stock. Raymond James increased their target price on shares of 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. JPMorgan Chase & Co. decreased their price objective on Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday. Finally, StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently made changes to their positions in JLL. Tidal Investments LLC raised its stake in shares of Jones Lang LaSalle by 4.7% in the fourth quarter. Tidal Investments LLC now owns 846 shares of the financial services provider's stock valued at $214,000 after buying an additional 38 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in Jones Lang LaSalle by 3.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 1,332 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 40 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Jones Lang LaSalle by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,617 shares of the financial services provider's stock worth $409,000 after acquiring an additional 47 shares during the last quarter. Ellevest Inc. lifted its stake in Jones Lang LaSalle by 3.7% during the fourth quarter. Ellevest Inc. now owns 1,326 shares of the financial services provider's stock worth $336,000 after purchasing an additional 47 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Jones Lang LaSalle by 25.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 250 shares of the financial services provider's stock worth $62,000 after buying an additional 50 shares during the last quarter. 94.80% of the stock is owned by hedge funds and other institutional investors.

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Jones Lang LaSalle Price Performance

Shares of JLL traded down $9.19 during mid-day trading on Thursday, reaching $214.30. The company had a trading volume of 542,600 shares, compared to its average volume of 311,473. The company's 50 day simple moving average is $255.73 and its 200 day simple moving average is $262.10. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 18.98 and a beta of 1.22. Jones Lang LaSalle has a 1-year low of $171.45 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.29 and a current ratio of 2.00.

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

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.