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

Key Points

• Jones Lang LaSalle Incorporated (NYSE:JLL) has received a consensus rating of "Moderate Buy" from analysts, with an average price target of approximately $328.57.
• Recent earnings results show JLL reported $3.30 EPS, exceeding expectations of $3.20, with revenue increasing 11.0% year-over-year.
• Institutional investors hold 94.80% of the company's stock, reflecting strong confidence from large investors in JLL's performance.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the company, MarketBeat.com reports. Three research 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 objective among analysts that have covered the stock in the last year is $328.5714.

JLL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Jones Lang LaSalle from $285.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods boosted their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Citizens Jmp initiated coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They set a "market perform" rating on the stock. The Goldman Sachs Group boosted their price objective on Jones Lang LaSalle from $338.00 to $378.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised Jones Lang LaSalle from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st.

Hedge Funds Weigh In On Jones Lang LaSalle

Large investors have recently modified their holdings of the business. Chilton Capital Management LLC acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Jones Lang LaSalle by 322.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 131 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $33,000. Caldwell Trust Co acquired a new position in shares of Jones Lang LaSalle in the 2nd quarter valued at $38,000. Finally, SVB Wealth LLC acquired a new position in shares of Jones Lang LaSalle in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 94.80% of the company's stock.

Jones Lang LaSalle Stock Down 3.2%

Shares of JLL opened at $303.19 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.35. Jones Lang LaSalle has a one year low of $194.36 and a one year high of $322.36. The stock has a market capitalization of $14.37 billion, a price-to-earnings ratio of 26.07 and a beta of 1.41. The stock has a 50 day moving average price of $291.42 and a 200 day moving average price of $254.94.

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