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

Key Points

• Analysts rate JLL a “Moderate Buy,” with five buy ratings, one strong-buy rating and two holds. The average 12-month price target is $417.83, above the reported share price of $374.39.
• JLL recently exceeded quarterly expectations, reporting EPS of $5.26 versus a $4.56 consensus and revenue of $6.93 billion, up 10.8% year over year.
• Institutional investors own a substantial 94.8% of JLL’s shares, while insider ownership is 0.91%; director Larry Quinlan recently sold 403 shares under a Rule 10b5-1 trading plan.

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $417.8333.

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Jones Lang LaSalle from $366.00 to $368.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 28th. UBS Group lifted their target price on shares of Jones Lang LaSalle from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Jones Lang LaSalle from $375.00 to $415.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Raymond James Financial reissued a "strong-buy" rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research note on Thursday, July 30th. Finally, Zacks Research cut Jones Lang LaSalle from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd.

Insider Activity at Jones Lang LaSalle

In related news, Director Larry Quinlan sold 403 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $295.14, for a total transaction of $118,941.42. Following the sale, the director directly owned 4,771 shares in the company, valued at $1,408,112.94. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.91% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jones Lang LaSalle

Several institutional investors and hedge funds have recently added to or reduced their stakes in JLL. Sunbelt Securities Inc. purchased a new stake in shares of Jones Lang LaSalle in the 3rd quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Jones Lang LaSalle during the 2nd quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in Jones Lang LaSalle during the fourth quarter worth about $29,000. Activest Wealth Management grew its holdings in Jones Lang LaSalle by 1,720.0% in the fourth quarter. Activest Wealth Management now owns 91 shares of the financial services provider's stock worth $31,000 after purchasing an additional 86 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in shares of Jones Lang LaSalle during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Shares of JLL stock opened at $374.39 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.40 and a current ratio of 2.40. Jones Lang LaSalle has a fifty-two week low of $259.83 and a fifty-two week high of $375.71. The firm has a market cap of $17.23 billion, a P/E ratio of 17.94 and a beta of 1.25. The business's 50 day moving average price is $327.57 and its 200-day moving average price is $318.36.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $5.26 EPS for the quarter, beating analysts' consensus estimates of $4.56 by $0.70. The company had revenue of $6.93 billion during the quarter, compared to the consensus estimate of $6.88 billion. Jones Lang LaSalle had a return on equity of 13.99% and a net margin of 3.64%.The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 earnings per share. On average, equities research analysts anticipate that Jones Lang LaSalle will post 24.18 earnings per share for the current year.

About Jones Lang LaSalle

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.

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