Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Average Rating of "Buy" from Analysts

Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) has earned an average rating of "Buy" from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $315.83.

A number of research firms recently weighed in on JLL. UBS Group lowered their price objective on shares of Jones Lang LaSalle from $340.00 to $305.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Raymond James increased their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Jones Lang LaSalle from $325.00 to $280.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Wall Street Zen cut shares of Jones Lang LaSalle from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th.

Institutional Investors Weigh In On Jones Lang LaSalle

A number of hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in Jones Lang LaSalle by 270.3% during the 1st quarter. Acadian Asset Management LLC now owns 25,052 shares of the financial services provider's stock worth $6,206,000 after buying an additional 18,287 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Jones Lang LaSalle by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,996 shares of the financial services provider's stock valued at $52,308,000 after purchasing an additional 8,885 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $21,818,000. Empowered Funds LLC raised 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 in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter valued at $775,000. 94.80% of the stock is currently owned by institutional investors and hedge funds.

Jones Lang LaSalle Stock Performance

Jones Lang LaSalle stock opened at $214.78 on Friday. The firm has a 50 day simple moving average of $229.91 and a 200-day simple moving average of $253.39. Jones Lang LaSalle has a 1-year low of $192.94 and a 1-year high of $288.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 2.29. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 19.02 and a beta of 1.33.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.29. The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. On average, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.