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

Key Points

• Jones Lang LaSalle has a consensus analyst rating of “Moderate Buy”, with five buy ratings and three hold ratings among eight analysts. The average 12-month price target is $394.
• The company recently reported strong quarterly results, posting EPS of $3.43 versus the $3.01 estimate and revenue of $6.39 billion, above expectations. Revenue rose 11.1% year over year.
• Insider activity has included recent stock sales by CEO Richard Bloxam and Director Deborah H. Mcaneny, while institutional ownership remains high at 94.8%.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $394.00.

JLL has been the subject of several analyst reports. Weiss Ratings cut Jones Lang LaSalle from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. Barclays upped their price objective on Jones Lang LaSalle from $348.00 to $366.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 13th. UBS Group upped their price objective on Jones Lang LaSalle from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Zacks Research cut Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on Jones Lang LaSalle from $405.00 to $380.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th.

Jones Lang LaSalle Trading Up 0.9%

JLL opened at $284.85 on Tuesday. Jones Lang LaSalle has a 12 month low of $217.21 and a 12 month high of $363.06. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 15.31 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.35 and a quick ratio of 2.35. The business has a fifty day moving average price of $312.20 and a 200 day moving average price of $321.40.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.42. The business had revenue of $6.39 billion during the quarter, compared to analysts' expectations of $6 billion. Jones Lang LaSalle had a return on equity of 13.01% and a net margin of 3.35%.The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 EPS. Sell-side analysts expect that Jones Lang LaSalle will post 22.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Richard Bloxam sold 5,440 shares of the business's stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $296.94, for a total value of $1,615,353.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah H. Mcaneny sold 2,500 shares of the business's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $300.50, for a total value of $751,250.00. Following the completion of the sale, the director directly owned 14,985 shares of the company's stock, valued at $4,502,992.50. The trade was a 14.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Jones Lang LaSalle

Several institutional investors and hedge funds have recently made changes to their positions in JLL. Integrated Wealth Concepts LLC purchased a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at about $546,000. Empowered Funds LLC lifted its holdings in shares of Jones Lang LaSalle by 203.1% in the 1st quarter. Empowered Funds LLC now owns 4,046 shares of the financial services provider's stock valued at $1,003,000 after purchasing an additional 2,711 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Jones Lang LaSalle by 33.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 499 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 126 shares during the last quarter. Cresset Asset Management LLC raised its stake in Jones Lang LaSalle by 28.4% during the 2nd quarter. Cresset Asset Management LLC now owns 1,673 shares of the financial services provider's stock valued at $428,000 after acquiring an additional 370 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Jones Lang LaSalle during the 2nd quarter valued at approximately $211,000. 94.80% of the stock is owned by hedge funds and other institutional investors.

Jones Lang LaSalle Company Profile

Jones Lang LaSalle Incorporated NYSE: JLL is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.