Jones Lang LaSalle Incorporated (NYSE:JLL) Receives $328.57 Average Price Target from Analysts

Key Points

• Jones Lang LaSalle Incorporated (NYSE:JLL) has received an average analyst rating of "Moderate Buy", with a target price of approximately $328.57.
• CEO Andrew W. Poppink sold 275 shares at an average price of $237.97, reducing his ownership by 2.60% to 10,297 shares.
• The company reported earnings of $3.30 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 11% year-over-year.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $328.5714.

A number of equities analysts have recently issued reports on the stock. JMP Securities assumed coverage on shares of Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. UBS Group raised their target price on shares of Jones Lang LaSalle from $305.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised their price target on shares of Jones Lang LaSalle from $338.00 to $378.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Citigroup dropped their target price on shares of Jones Lang LaSalle from $275.00 to $240.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th.

Insider Activity

In related news, CEO Andrew W. Poppink sold 275 shares of Jones Lang LaSalle stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $237.97, for a total value of $65,441.75. Following the completion of the transaction, the chief executive officer owned 10,297 shares in the company, valued at approximately $2,450,377.09. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. EdgePoint Investment Group Inc. boosted its holdings in shares of Jones Lang LaSalle by 21.0% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,221,528 shares of the financial services provider's stock valued at $568,222,000 after buying an additional 386,184 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Jones Lang LaSalle by 50.7% in the 1st quarter. Select Equity Group L.P. now owns 1,062,069 shares of the financial services provider's stock valued at $263,298,000 after buying an additional 357,469 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Jones Lang LaSalle by 1.8% in the 1st quarter. Invesco Ltd. now owns 961,959 shares of the financial services provider's stock valued at $238,479,000 after buying an additional 17,336 shares in the last quarter. Swedbank AB boosted its holdings in shares of Jones Lang LaSalle by 115.0% in the 2nd quarter. Swedbank AB now owns 938,149 shares of the financial services provider's stock valued at $239,960,000 after buying an additional 501,716 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $160,187,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Price Performance

Jones Lang LaSalle stock traded down $1.85 during mid-day trading on Friday, hitting $299.54. The stock had a trading volume of 137,123 shares, compared to its average volume of 406,470. The firm has a market capitalization of $14.19 billion, a P/E ratio of 25.71 and a beta of 1.41. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $273.65 and its 200 day moving average is $250.06. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $308.61.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.10. Jones Lang LaSalle had a net margin of 2.28% and a return on equity of 10.63%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.17 billion. During the same quarter in the prior year, the firm posted $2.55 EPS. Jones Lang LaSalle's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

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.