Jones Lang LaSalle Incorporated (NYSE:JLL) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Jones Lang LaSalle Incorporated has received a consensus rating of "Moderate Buy" from nine research firms, with three analysts rating it as a hold, five as a buy, and one as a strong buy.
• The company's average one-year price target among analysts is $312.43, indicating potential for growth based on current share prices.
• Jones Lang LaSalle reported an earnings per share of $2.31 for its last quarter, exceeding analyst expectations of $2.02, along with a revenue increase of 12.1% year-over-year.

Shares of Jones Lang LaSalle Incorporated (NYSE:JLL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $312.4286.

A number of equities research analysts recently weighed in on JLL shares. JMP Securities assumed coverage on Jones Lang LaSalle in a research note on Monday, July 21st. They issued a "market perform" rating on the stock. Citizens Jmp initiated coverage on Jones Lang LaSalle in a report on Monday, July 21st. They set a "market perform" rating on the stock. Keefe, Bruyette & Woods raised their price objective on Jones Lang LaSalle from $280.00 to $297.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen lowered Jones Lang LaSalle from a "buy" rating to a "hold" rating in a research note on Monday, July 28th. Finally, UBS Group lifted their price target on Jones Lang LaSalle from $305.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd.

Jones Lang LaSalle Trading Up 0.9%

NYSE JLL opened at $272.91 on Wednesday. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 24.68 and a beta of 1.38. The stock's 50 day moving average price is $249.22 and its two-hundred day moving average price is $247.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.01 and a current ratio of 2.01. Jones Lang LaSalle has a 52 week low of $194.36 and a 52 week high of $288.50.

Jones Lang LaSalle (NYSE:JLL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.29. Jones Lang LaSalle had a return on equity of 10.37% and a net margin of 2.23%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Jones Lang LaSalle will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Jones Lang LaSalle

Several hedge funds have recently made changes to their positions in the company. Norden Group LLC bought a new position in Jones Lang LaSalle in the 1st quarter worth about $287,000. Bridges Investment Management Inc. increased its stake in Jones Lang LaSalle by 120.0% in the 1st quarter. Bridges Investment Management Inc. now owns 4,447 shares of the financial services provider's stock worth $1,102,000 after acquiring an additional 2,426 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Jones Lang LaSalle by 34.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,779 shares of the financial services provider's stock worth $2,176,000 after acquiring an additional 2,252 shares during the last quarter. Truist Financial Corp increased its stake in Jones Lang LaSalle by 13.2% in the 1st quarter. Truist Financial Corp now owns 206,987 shares of the financial services provider's stock worth $51,314,000 after acquiring an additional 24,159 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Jones Lang LaSalle in the 1st quarter worth about $8,164,000. 94.80% of the stock is currently owned by institutional investors.

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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