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

Key Points

• Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average recommendation of "Moderate Buy" from ten research firms, with price targets ranging up to $378.00.
• Institutional investors hold 94.80% of the stock, with recent investments from several large firms including Chilton Capital Management and Golden State Wealth Management.
• Jones Lang LaSalle reported an earnings per share (EPS) of $3.30 for the most recent quarter, exceeding estimates and showing an 11% year-over-year revenue growth.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $338.2857.

A number of equities research analysts recently commented on the company. UBS Group upped their price objective on Jones Lang LaSalle from $340.00 to $360.00 and gave the company a "buy" rating in a report on Friday, October 10th. JMP Securities assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company. The Goldman Sachs Group upped their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods upped their price objective on Jones Lang LaSalle from $317.00 to $345.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. Finally, Citizens Jmp assumed coverage on Jones Lang LaSalle in a report on Monday, July 21st. They issued a "market perform" rating for the company.

Institutional Investors Weigh In On Jones Lang LaSalle

Several large investors have recently modified their holdings of JLL. Chilton Capital Management LLC bought a new stake in shares of Jones Lang LaSalle in the second quarter worth about $26,000. Golden State Wealth Management LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Jones Lang LaSalle by 322.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock worth $34,000 after acquiring an additional 100 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Jones Lang LaSalle in the first quarter worth about $38,000. Finally, Caldwell Trust Co bought a new stake in shares of Jones Lang LaSalle in the second quarter worth about $38,000. 94.80% of the stock is currently owned by institutional investors.

Jones Lang LaSalle Trading Up 0.7%

JLL stock opened at $300.48 on Monday. The company has a market cap of $14.24 billion, a P/E ratio of 25.84 and a beta of 1.39. Jones Lang LaSalle has a twelve month low of $194.36 and a twelve month high of $322.36. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $300.95 and a 200-day moving average of $260.37.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.10. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. Jones Lang LaSalle had a return on equity of 10.63% and a net margin of 2.28%.The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.55 earnings per share. As a group, equities research 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.

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