Jones Lang LaSalle Incorporated (NYSE:JLL) Given Consensus Rating of "Buy" by Brokerages

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $271.50.

Several equities analysts recently commented on the company. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Keefe, Bruyette & Woods increased their target price on shares of Jones Lang LaSalle from $280.00 to $292.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. Finally, Wolfe Research raised shares of 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.

Institutional Trading of Jones Lang LaSalle

Several large investors have recently modified their holdings of JLL. Brooklyn Investment Group acquired a new position in shares of Jones Lang LaSalle in the 3rd quarter valued at $34,000. UMB Bank n.a. boosted its stake in shares of Jones Lang LaSalle by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 135 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 105 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Jones Lang LaSalle during the 3rd quarter worth approximately $37,000. Massmutual Trust Co. FSB ADV raised its holdings in Jones Lang LaSalle by 37.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 143 shares of the financial services provider's stock worth $39,000 after buying an additional 39 shares during the period. Finally, Innealta Capital LLC acquired a new stake in shares of Jones Lang LaSalle in the second quarter valued at approximately $34,000. 94.80% of the stock is owned by institutional investors.

Jones Lang LaSalle Stock Down 0.6 %

NYSE JLL traded down $1.62 during trading on Friday, reaching $280.60. 119,463 shares of the company's stock traded hands, compared to its average volume of 287,270. The company's 50 day simple moving average is $267.33 and its two-hundred day simple moving average is $239.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.29 and a quick ratio of 2.29. Jones Lang LaSalle has a 12-month low of $154.43 and a 12-month high of $288.50. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 28.54 and a beta of 1.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.83. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.62 billion. Jones Lang LaSalle had a net margin of 2.12% and a return on equity of 8.95%. The business's revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.01 EPS. As a group, sell-side analysts forecast that Jones Lang LaSalle will post 13.17 EPS for the current fiscal 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.