Brokerages Set Jones Lang LaSalle Incorporated (NYSE:JLL) Target Price at $206.00

Jones Lang LaSalle Incorporated (NYSE:JLLGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $206.00.

JLL has been the subject of several recent analyst reports. Wolfe Research restated a “peer perform” rating on shares of Jones Lang LaSalle in a research note on Tuesday, April 9th. StockNews.com raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet raised shares of Jones Lang LaSalle from a “c+” rating to a “b-” rating in a research note on Wednesday, February 14th. Raymond James upgraded shares of Jones Lang LaSalle from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $218.00 to $246.00 in a research report on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Jones Lang LaSalle in a research report on Wednesday, April 10th. They issued a “buy” rating and a $246.00 target price on the stock.

Get Our Latest Stock Analysis on Jones Lang LaSalle

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in Jones Lang LaSalle by 61.3% in the 1st quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 57 shares in the last quarter. Rise Advisors LLC purchased a new position in Jones Lang LaSalle during the first quarter worth approximately $30,000. Atlas Capital Advisors LLC acquired a new position in Jones Lang LaSalle during the first quarter worth $35,000. Brown Brothers Harriman & Co. purchased a new stake in Jones Lang LaSalle in the 1st quarter valued at $46,000. Finally, Riverview Trust Co acquired a new stake in shares of Jones Lang LaSalle in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 94.80% of the company’s stock.

Jones Lang LaSalle Stock Up 0.1 %

Jones Lang LaSalle stock opened at $175.11 on Thursday. Jones Lang LaSalle has a 52 week low of $119.46 and a 52 week high of $200.14. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 37.58 and a beta of 1.42. The business’s 50-day moving average price is $186.53 and its 200 day moving average price is $169.37. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.22.

Jones Lang LaSalle (NYSE:JLLGet Free Report) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $4.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.53. Jones Lang LaSalle had a net margin of 1.09% and a return on equity of 5.74%. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the previous year, the business posted $4.36 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jones Lang LaSalle will post 11.98 earnings per share for the current year.

About Jones Lang LaSalle

(Get Free Report

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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Analyst Recommendations for Jones Lang LaSalle (NYSE:JLL)

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