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

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $246.80.

Several research analysts have recently issued reports on JLL shares. StockNews.com upgraded shares of Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Friday, September 13th. Raymond James boosted their price target on Jones Lang LaSalle from $246.00 to $268.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $240.00 to $250.00 and gave the stock a "market perform" rating in a report on Thursday, August 8th.

Jones Lang LaSalle Stock Performance

Shares of NYSE:JLL traded up $2.86 during midday trading on Monday, hitting $267.86. The company's stock had a trading volume of 247,498 shares, compared to its average volume of 282,676. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.58 and a current ratio of 2.58. The stock's 50 day simple moving average is $261.44 and its 200 day simple moving average is $229.42. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 33.86 and a beta of 1.37. Jones Lang LaSalle has a fifty-two week low of $136.83 and a fifty-two week high of $280.48.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $2.30 by $0.25. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.48 billion. Jones Lang LaSalle had a return on equity of 8.03% and a net margin of 1.76%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. As a group, research analysts anticipate that Jones Lang LaSalle will post 12.59 earnings per share for the current year.

Hedge Funds Weigh In On Jones Lang LaSalle

A number of hedge funds have recently modified their holdings of JLL. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Jones Lang LaSalle during the first quarter valued at $1,715,000. Van ECK Associates Corp boosted its position in Jones Lang LaSalle by 31.1% in the first quarter. Van ECK Associates Corp now owns 11,963 shares of the financial services provider's stock valued at $2,334,000 after buying an additional 2,837 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Jones Lang LaSalle during the first quarter worth about $426,000. BNP Paribas Financial Markets raised its stake in shares of Jones Lang LaSalle by 31.5% in the first quarter. BNP Paribas Financial Markets now owns 52,689 shares of the financial services provider's stock valued at $10,279,000 after acquiring an additional 12,626 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Jones Lang LaSalle by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,607 shares of the financial services provider's stock worth $1,289,000 after acquiring an additional 96 shares in the last quarter. 94.80% of the stock is owned by institutional investors and hedge funds.

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.